Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Hits New 52-Week Low - Here's What Happened

Key Points

• New 52-week low: Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) fell to as low as $3.55 and last traded at $3.72 on Friday (volume ~2,792), down about 0.1% for the session.
• Quarterly miss and weak profitability: The company reported EPS of $0.08 versus consensus $0.09 and revenue of $16.73B versus $17.13B, and posted a negative return on equity and negative net margin.
• Valuation and technicals show pressure: the stock trades below its 50‑day ($4.16) and 200‑day ($4.63) averages, has a market cap of ~$19.91B and a negative P/E of -74.10, with moderate leverage (debt/equity 0.51) and a current ratio of 1.12.

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $3.55 and last traded at $3.72, with a volume of 2792 shares. The stock had previously closed at $3.73.

Nippon Steel & Sumitomo Metal Stock Down 0.1%

The firm has a 50 day moving average price of $4.16 and a 200-day moving average price of $4.63. The firm has a market cap of $19.91 billion, a price-to-earnings ratio of -74.10 and a beta of 0.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.12 and a quick ratio of 0.53.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). Nippon Steel & Sumitomo Metal had a negative return on equity of 0.61% and a negative net margin of 0.42%.The firm had revenue of $16.73 billion during the quarter, compared to analyst estimates of $17.13 billion.

About Nippon Steel & Sumitomo Metal

Nippon Steel & Sumitomo Metal Corporation is a major Japanese steel producer formed in 2012 through the merger of Nippon Steel and Sumitomo Metal. Headquartered in Tokyo, the company operates integrated steelmaking and rolling facilities and is widely recognized as one of the largest steel manufacturers in Japan and among the leading producers globally. Its business scope spans primary steel production, downstream processing, and a range of steel-related engineering and service activities.

The company's product offering includes a broad portfolio of steel products such as hot- and cold-rolled flat products, plates, pipes and tubes, coated steels, stainless and specialty steels, and high-strength steels tailored for automotive, machinery, construction, energy and infrastructure applications.

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