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

Key Points

• Nippon Steel & Sumitomo Metal's stock price opened at $7.72 after a gap up from a previous close of $7.42, but last traded at $7.21.
• The company reported a quarterly EPS of ($0.43), significantly below the analysts' estimate of $0.61, and had a revenue of $13.56 billion, slightly missing the expectation.
• Nippon Steel's market cap stands at $23.31 billion, with key financial ratios indicating a challenging environment, shown by a PE ratio of -240.92 and a negative return on equity of -0.61%.

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $7.42, but opened at $7.72. Nippon Steel & Sumitomo Metal shares last traded at $7.21, with a volume of 4,365 shares changing hands.

Nippon Steel & Sumitomo Metal Stock Performance

The company has a market cap of $23.31 billion, a PE ratio of -240.92 and a beta of 0.73. The company has a quick ratio of 0.51, a current ratio of 1.06 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $7.06 and a 200-day moving average of $6.86.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last issued its quarterly 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 business had revenue of $13.56 billion for the quarter, compared to the consensus estimate 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.

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