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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $4.42, but opened at $4.20. Nippon Steel & Sumitomo Metal shares last traded at $4.3980, with a volume of 2,249 shares trading hands.

Nippon Steel & Sumitomo Metal Price Performance

The business has a fifty day moving average of $4.30 and a 200-day moving average of $3.96. The firm has a market cap of $23.54 billion, a PE ratio of 9.95 and a beta of 0.65. 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 issued its earnings results on Thursday, November 5th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.10 by $0.10. The business had revenue of $19.08 billion during the quarter, compared to the consensus estimate of $18.62 billion. Nippon Steel & Sumitomo Metal had a return on equity of 6.43% and a net margin of 3.48%.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel & Sumitomo Metal, now known as Nippon Steel Corporation, is a Japanese steelmaker whose operations include producing and selling a broad range of steel products. Its offerings serve industries such as automotive, construction, energy, and infrastructure. The company was formed in 2012 through the merger of Nippon Steel and Sumitomo Metal Industries, and adopted the Nippon Steel Corporation name in 2019. In addition to steelmaking, its business areas include engineering, chemicals and materials, and information technology services.