Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Trading Up 2.8% - Here's Why

Key Points

• Nippon Steel & Sumitomo Metal Corp. saw its stock rise 2.8% to $7.27, trading volume increased by 5% compared to the average daily volume.
• The company reported a loss of ($0.43) EPS, missing the consensus estimate of $0.61, with revenue of $13.56 billion for the quarter.
• Nippon Steel has a market cap of $23.42 billion and a negative net margin of 0.42%, reflecting ongoing financial challenges.

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) were up 2.8% on Tuesday . The stock traded as high as $7.33 and last traded at $7.27. Approximately 84,538 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 80,475 shares. The stock had previously closed at $7.07.

Nippon Steel & Sumitomo Metal Stock Up 2.8%

The company has a quick ratio of 0.51, a current ratio of 1.06 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $6.64 and a two-hundred day simple moving average of $6.88. The stock has a market cap of $23.42 billion, a P/E ratio of -242.09 and a beta of 0.73.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last announced 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). Nippon Steel & Sumitomo Metal had a negative net margin of 0.42% and a negative return on equity of 0.61%. The company had revenue of $13.56 billion during the quarter, compared to the consensus estimate of $13.63 billion.

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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