Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Shares Gap Down – Should You Sell?

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $4.53, but opened at $4.21. Nippon Steel & Sumitomo Metal shares last traded at $4.51, with a volume of 1,188 shares changing hands.

Nippon Steel & Sumitomo Metal Stock Down 0.2%

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.54 and a current ratio of 1.15. The stock’s fifty day simple moving average is $4.19 and its two-hundred day simple moving average is $5.03. The stock has a market capitalization of $23.70 billion, a P/E ratio of -88.20 and a beta of 0.73.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $16.73 billion for the quarter, compared to analyst estimates of $17.13 billion. Nippon Steel & Sumitomo Metal had a negative return on equity of 0.61% and a negative net margin of 0.42%.

About Nippon Steel & Sumitomo Metal

Nippon Steel & Sumitomo Metal Corporation is a major Japanese steel producer formed in 2012 through the merger of Nippon Steel and Sumitomo Metal. Headquartered in Tokyo, the company operates integrated steelmaking and rolling facilities and is widely recognized as one of the largest steel manufacturers in Japan and among the leading producers globally. Its business scope spans primary steel production, downstream processing, and a range of steel-related engineering and service activities.

The company’s product offering includes a broad portfolio of steel products such as hot- and cold-rolled flat products, plates, pipes and tubes, coated steels, stainless and specialty steels, and high-strength steels tailored for automotive, machinery, construction, energy and infrastructure applications.