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

Key Points

• Nippon Steel & Sumitomo Metal shares gapped down from a previous close of $6.74 to open at $6.50 on Tuesday, trading at $6.80 with a volume of 17,558 shares.
• The company reported a quarterly EPS of (\$0.43), missing the consensus estimate of $0.61, with revenues of $13.56 billion, below expectations of $13.63 billion.
• Nippon Steel has a market cap of $22.06 billion and a debt-to-equity ratio of 0.34, indicating manageable debt levels relative to equity.

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $6.74, but opened at $6.50. Nippon Steel & Sumitomo Metal shares last traded at $6.80, with a volume of 17,558 shares trading hands.

Nippon Steel & Sumitomo Metal Stock Down 0.4%

The stock has a 50 day moving average price of $6.51 and a 200-day moving average price of $6.89. The stock has a market capitalization of $21.86 billion, a P/E ratio of -225.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 1.01.

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

Nippon Steel & Sumitomo Metal Company Profile

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.