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

Key Points

• Nippon Steel & Sumitomo Metal shares **gapped down** from $7.12 to $6.90 at market open, with the last trade recorded at **$7.18** and a trading volume of **21,634 shares**.
• The company reported a **quarterly earnings loss** of ($0.43) per share, significantly below analysts' expectations of **$0.61** earnings per share.
• Nippon Steel & Sumitomo Metal has a **market capitalization** of **$23.20 billion** with financial metrics indicating a **negative return on equity** of -0.61% and a **negative net margin** of -0.42%.

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $7.12, but opened at $6.90. Nippon Steel & Sumitomo Metal shares last traded at $7.18, with a volume of 21,634 shares changing hands.

Nippon Steel & Sumitomo Metal Price Performance

The business's 50-day moving average price is $7.02 and its 200 day moving average price is $6.87. The stock has a market capitalization of $23.20 billion, a PE ratio of -239.75 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 1.06.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported ($0.43) earnings per share 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 return on equity of 0.61% and a negative net margin of 0.42%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.