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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY)’s stock price gapped down prior to trading 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 changing hands.

Nippon Steel & Sumitomo Metal Stock Down 0.8%

The firm’s 50 day moving average is $4.30 and its 200-day moving average is $3.96. The firm has a market cap of $23.59 billion, a PE ratio of 9.98 and a beta of 0.65. The company has a quick ratio of 0.81, a current ratio of 1.71 and a debt-to-equity ratio of 0.78.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last released 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 firm had revenue of $19.08 billion during the quarter, compared to analysts’ expectations of $18.62 billion. Nippon Steel & Sumitomo Metal had a net margin of 3.48% and a return on equity of 6.43%.

About Nippon Steel & Sumitomo Metal

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.