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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) gapped down before the market opened 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.

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 moving average is $4.20 and its 200 day moving average is $3.82. The stock has a market cap of $24.29 billion, a price-to-earnings ratio of -226.00 and a beta of 0.64.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its quarterly 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.

About Nippon Steel & Sumitomo Metal

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.