Nippon Steel (OTCMKTS:NPSCY) Announces Earnings Results

Nippon Steel (OTCMKTS:NPSCY) released its quarterly earnings data on Thursday. The company reported $0.25 earnings per share for the quarter, Zacks reports. Nippon Steel had a return on equity of 8.79% and a net margin of 5.56%.

Nippon Steel Trading Up 2.2 %

Shares of OTCMKTS NPSCY traded up $0.15 during midday trading on Thursday, hitting $7.12. 171,916 shares of the company traded hands, compared to its average volume of 206,097. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.97. Nippon Steel has a 12-month low of $6.11 and a 12-month high of $8.67. The stock has a 50-day moving average price of $6.72 and a 200 day moving average price of $6.98. The firm has a market cap of $22.96 billion, a P/E ratio of 6.91 and a beta of 0.92.

About Nippon Steel

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.