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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY)’s share price 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 trading hands.

Nippon Steel & Sumitomo Metal Stock Performance

The stock’s fifty day moving average price is $4.29 and its 200 day moving average price is $3.96. The company has a quick ratio of 0.81, a current ratio of 1.71 and a debt-to-equity ratio of 0.78.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.08 earnings per share (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 the consensus estimate of $16.70 billion.

Nippon Steel & Sumitomo Metal Company Profile

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.