Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Shares Gap Down - Should You Sell?

Key Points

• The shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) opened at $7.00, down from a previous close of $7.27, indicating a notable gap down prior to trading.
• The company reported a loss of $0.43 EPS for the last quarter, missing analysts' expectations by $1.04, alongside revenues of $13.56 billion that fell short of estimates.
• Nippon Steel has a market cap of $23.81 billion and the stock trades with a significantly negative P/E ratio of -246.08, reflecting its recent financial struggles.

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $7.27, but opened at $7.00. Nippon Steel & Sumitomo Metal shares last traded at $7.31, with a volume of 73,644 shares traded.

Nippon Steel & Sumitomo Metal Trading Up 1.7%

The firm has a market cap of $23.81 billion, a P/E ratio of -246.08 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 0.51. The stock has a 50 day moving average of $6.64 and a 200 day moving average of $6.88.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last released 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 the consensus estimate 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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