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

Nippon Steel & Sumitomo Metal logo with Basic Materials background

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $6.39, but opened at $6.63. Nippon Steel & Sumitomo Metal shares last traded at $6.41, with a volume of 9,863 shares traded.

Nippon Steel & Sumitomo Metal Stock Up 0.4%

The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 8.98 and a beta of 0.73. The firm's 50 day moving average price is $6.54 and its two-hundred day moving average price is $6.91. The company has a current ratio of 1.95, a quick ratio of 1.01 and a debt-to-equity ratio of 0.34.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last announced its earnings results on Friday, May 9th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $14.78 billion for the quarter, compared to the consensus estimate of $14.19 billion. Nippon Steel & Sumitomo Metal had a return on equity of 5.54% and a net margin of 3.73%.

About Nippon Steel & Sumitomo Metal

(Get Free Report)

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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