Kobe Steel (OTCMKTS:KBSTY) issued its earnings results on Thursday. The company reported $0.20 earnings per share for the quarter, Morningstar.com reports. The company had revenue of $4.18 billion for the quarter. Kobe Steel had a net margin of 0.63% and a negative return on equity of 4.19%.
Shares of Kobe Steel (KBSTY) traded down $0.09 during mid-day trading on Friday, reaching $5.39. The company’s stock had a trading volume of 14,458 shares, compared to its average volume of 10,236. Kobe Steel has a one year low of $3.50 and a one year high of $6.27. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.67 and a current ratio of 1.18. The firm has a market capitalization of $3,774.69 and a P/E ratio of 38.65.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Kobe Steel from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine raised shares of Kobe Steel from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.
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Kobe Steel, Ltd. is a steel manufacturer. The Iron and Steel segment manufactures and sells steel bars, stainless-steel products and titanium products. The Welding segment offers welding materials, welding robots, and conducts welding-related consulting business. The Aluminum and Copper segment offers rolled aluminum products, rolled copper products, aluminum alloy products, magnesium alloy products and others.
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