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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

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $6.35, but opened at $6.65. Nippon Steel & Sumitomo Metal shares last traded at $6.55, with a volume of 93,390 shares.

Nippon Steel & Sumitomo Metal Trading Up 3.0%

The company has a market cap of $21.09 billion, a P/E ratio of 9.08 and a beta of 0.73. The company has a quick ratio of 1.01, a current ratio of 1.95 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $6.60 and a two-hundred day moving average price of $6.92.

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

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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