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

Key Points

• Nippon Steel & Sumitomo Metal shares gapped down, opening at $4.00 after a previous close of $4.16, and last traded at $4.04.
• The company reported a loss of ($0.43) EPS, significantly missing analysts' expectations of $0.61, with revenue slightly below estimates at $13.56 billion.
• Nippon Steel's current financial ratios indicate a quick ratio of 0.51 and a market capitalization of $21.49 billion.

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $4.16, but opened at $4.00. Nippon Steel & Sumitomo Metal shares last traded at $4.04, with a volume of 47,791 shares changing hands.

Nippon Steel & Sumitomo Metal Stock Down 3.8%

The company has a quick ratio of 0.51, a current ratio of 1.06 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $21.49 billion, a P/E ratio of -222.22 and a beta of 0.71. The firm has a 50-day moving average price of $6.79 and a two-hundred day moving average price of $6.71.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported ($0.43) EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($1.04). The firm had revenue of $13.56 billion during the quarter, compared to analyst estimates of $13.63 billion. Nippon Steel & Sumitomo Metal had a negative net margin of 0.42% and a negative return on equity of 0.61%.

About Nippon Steel & Sumitomo Metal

Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery parts for applications in automotive, energy, infrastructure, and consumer electronics markets.

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