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

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) gapped down prior to trading on Monday . The stock had previously closed at $4.49, but opened at $4.25. Nippon Steel & Sumitomo Metal shares last traded at $4.52, with a volume of 6,402 shares traded.

Nippon Steel & Sumitomo Metal Trading Down 0.2%

The firm has a market capitalization of $24.24 billion, a P/E ratio of -225.50 and a beta of 0.64. The company has a quick ratio of 0.81, a current ratio of 1.71 and a debt-to-equity ratio of 0.78. The firm’s 50-day simple moving average is $4.24 and its 200-day simple moving average is $3.82.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last issued 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 firm had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $16.70 billion.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel & Sumitomo Metal Corporation, now known as Nippon Steel Corporation, is a major Japanese steel manufacturer. The company produces a broad range of steel products, including flat-rolled steel, plates, bars, wire products, rails, structural materials and specialty steel used in automobiles, construction, machinery, energy infrastructure and other industrial applications.

In addition to steelmaking, Nippon Steel provides related services and products through businesses involved in engineering and construction, chemicals and new materials, machinery and equipment, logistics, and information systems.