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

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

Nippon Steel & Sumitomo Metal Stock Up 0.7%

The firm has a 50 day simple moving average of $4.20 and a two-hundred day simple moving average of $3.82. The company has a market capitalization of $24.29 billion, a PE ratio of -226.00 and a beta of 0.64. The company has a current ratio of 1.71, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates 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.