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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) gapped down before the market opened on Wednesday. The stock had previously closed at $4.13, but opened at $3.94. Nippon Steel & Sumitomo Metal shares last traded at $4.11, with a volume of 17,535 shares trading hands.

Nippon Steel & Sumitomo Metal Trading Down 0.5%

The company has a current ratio of 1.71, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm has a market cap of $22.09 billion, a PE ratio of -205.50 and a beta of 0.61. The company has a 50-day simple moving average of $4.33 and a 200 day simple moving average of $3.87.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last announced its quarterly earnings results 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 company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $16.70 billion.

About Nippon Steel & Sumitomo Metal

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.