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 Wednesday. The stock had previously closed at $4.37, but opened at $4.02. Nippon Steel & Sumitomo Metal shares last traded at $4.2759, with a volume of 3,731 shares changing hands.

Nippon Steel & Sumitomo Metal Stock Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.71 and a quick ratio of 0.81. The stock’s 50-day simple moving average is $4.31 and its 200 day simple moving average is $3.84. The stock has a market capitalization of $23.00 billion, a P/E ratio of -213.97 and a beta of 0.64.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last announced 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 firm had revenue of $18.02 billion during 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 steel producer formed in 2012 through the merger of Nippon Steel Corporation and Sumitomo Metal Industries. On April 1, 2019, the company changed its name to Nippon Steel Corporation. The company’s American depositary shares traded under the symbol NPSCY.

Nippon Steel produces a broad range of steel products, including flat products, plates, bars, wire rods, rails, structural steel, steel pipe and tubing, stainless steel, and electrical steel.