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

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) gapped up prior to trading 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 Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.01 and a current ratio of 1.95. The firm has a market capitalization of $20.85 billion, a P/E ratio of 8.98 and a beta of 0.73. The stock's 50 day simple moving average is $6.54 and its 200 day simple moving average is $6.91.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). The company had revenue of $14.78 billion during 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%.

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.