Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Time to Sell?
by Doug Wharley · The Cerbat GemShares of Sumitomo Chemcl (OTCMKTS:SOMMY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $17.29, but opened at $16.00. Sumitomo Chemcl shares last traded at $16.00, with a volume of 195 shares traded.
Sumitomo Chemcl Trading Down 7.5%
The firm has a market cap of $5.31 billion, a P/E ratio of 8.16 and a beta of 0.28. The stock has a 50 day simple moving average of $16.75 and a 200-day simple moving average of $15.67. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.76.
Sumitomo Chemcl (OTCMKTS:SOMMY – Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.94 EPS for the quarter. Sumitomo Chemcl had a return on equity of 8.40% and a net margin of 4.01%.The company had revenue of $3.97 billion during the quarter.
Sumitomo Chemcl Company Profile
Sumitomo Chemical Co, Ltd. is a diversified chemical company headquartered in Tokyo, Japan. Established in 1913 as part of the historic Sumitomo Group, the company has grown into a global industry leader, operating across multiple chemical and material science industries. It is listed in Japan’s premier equity markets and is available to U.S. investors via its American depositary receipts trading under the ticker SOMMY on the OTCMKTS exchange.
The company’s operations are organized into several core business segments, including petrochemicals, energy and functional materials, IT‐related chemicals, living materials, and health & crop sciences.