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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY)’s stock price 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 traded.

Nippon Steel & Sumitomo Metal Price 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 firm’s 50-day moving average is $4.33 and its two-hundred day moving average is $3.87. The company has a market cap of $22.09 billion, a P/E ratio of -205.50 and a beta of 0.61.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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.