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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) gapped up prior to trading on Thursday . The stock had previously closed at $4.42, but opened at $4.55. Nippon Steel & Sumitomo Metal shares last traded at $4.4970, with a volume of 8,584 shares traded.

Nippon Steel & Sumitomo Metal Stock Up 1.1%

The firm’s 50 day simple moving average is $4.10 and its 200 day simple moving average is $3.81. The company has a market cap of $24.34 billion, a price-to-earnings ratio of -226.50 and a beta of 0.64. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 0.77.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $16.70 billion.

About Nippon Steel & Sumitomo Metal

Nippon Steel & Sumitomo Metal Corporation, now known as Nippon Steel Corporation, is a major Japanese steel manufacturer. The company produces a broad range of steel products, including flat-rolled steel, plates, bars, wire products, rails, structural materials and specialty steel used in automobiles, construction, machinery, energy infrastructure and other industrial applications.

In addition to steelmaking, Nippon Steel provides related services and products through businesses involved in engineering and construction, chemicals and new materials, machinery and equipment, logistics, and information systems.