Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Trading Down 1.9% - Here's What Happened

Key Points

• Nippon Steel & Sumitomo Metal's stock price declined by 1.9% on Thursday, closing at $7.12 after reaching a low of $7.11 during the day.
• The company's latest quarterly earnings report revealed a loss of ($0.43) per share, missing the estimate of $0.61, with revenues of $13.56 billion.
• Nippon Steel holds a market capitalization of $22.96 billion with a P/E ratio of -237.25 and reported a negative net margin of 0.42%.

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report)'s stock price traded down 1.9% on Thursday . The stock traded as low as $7.11 and last traded at $7.12. 103,837 shares were traded during mid-day trading, a decline of 5% from the average session volume of 109,600 shares. The stock had previously closed at $7.26.

Nippon Steel & Sumitomo Metal Stock Performance

The stock has a market capitalization of $22.96 billion, a P/E ratio of -237.25 and a beta of 0.73. The company's 50-day moving average is $7.02 and its two-hundred day moving average is $6.87. The company has a current ratio of 1.06, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($1.04). The firm had revenue of $13.56 billion during the quarter, compared to the consensus estimate of $13.63 billion. Nippon Steel & Sumitomo Metal had a negative net margin of 0.42% and a negative return on equity of 0.61%.

About Nippon Steel & Sumitomo Metal

Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery parts for applications in automotive, energy, infrastructure, and consumer electronics markets.

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