Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Shares Gap Up – Still a Buy?

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) shares gapped up prior to trading on Thursday . The stock had previously closed at $4.42, but opened at $4.55. Nippon Steel & Sumitomo Metal shares last traded at $4.4970, with a volume of 8,584 shares.

Nippon Steel & Sumitomo Metal Trading Up 1.6%

The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.85 and a current ratio of 1.78. The firm has a market capitalization of $24.13 billion, a price-to-earnings ratio of -224.50 and a beta of 0.64. The business has a fifty day moving average price of $4.05 and a 200 day moving average price of $3.80.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last issued its earnings results on Tuesday, August 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $18.02 billion during 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.