Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Shares Gap Down – What’s Next?

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) shares gapped down before the market opened on Monday. The stock had previously closed at $4.1802, but opened at $4.00. Nippon Steel & Sumitomo Metal shares last traded at $4.22, with a volume of 17,942 shares traded.

Nippon Steel & Sumitomo Metal Stock Up 1.2%

The stock has a market capitalization of $22.73 billion, a P/E ratio of -211.50 and a beta of 0.61. The firm has a 50-day simple moving average of $4.29 and a 200 day simple moving average of $3.96. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.71 and a quick ratio of 0.81.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $16.70 billion.

About Nippon Steel & Sumitomo Metal

Nippon Steel & Sumitomo Metal Corporation was a major Japanese steelmaker formed in 2012 through the merger of Nippon Steel Corporation and Sumitomo Metal Industries. In 2019, the company changed its name to Nippon Steel Corporation, while continuing the operations and businesses associated with the former Nippon Steel & Sumitomo Metal organization.

The company produces a broad range of steel products, including sheets, plates, bars, wire rods, pipes, tubes and specialty steels.