Sumitomo (OTCMKTS:SSUMY) Sets New 1-Year High – Here’s What Happened

by · The Markets Daily

Shares of Sumitomo Corp. (OTCMKTS:SSUMY – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.42 and last traded at $12.03, with a volume of 8149 shares changing hands. The stock had previously closed at $11.71.

Sumitomo Trading Up 2.3%

The stock has a market cap of $57.25 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.73 and a beta of 0.58. The firm’s 50 day simple moving average is $15.15 and its two-hundred day simple moving average is $31.38. The company has a quick ratio of 0.94, a current ratio of 1.34 and a debt-to-equity ratio of 0.69.

Sumitomo (OTCMKTS:SSUMY – Get Free Report) last issued its earnings results on Friday, July 31st. The conglomerate reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.58). The company had revenue of $12.24 billion during the quarter, compared to analyst estimates of $11.50 billion. Sumitomo had a net margin of 8.23% and a return on equity of 12.71%. As a group, equities research analysts predict that Sumitomo Corp. will post 2.1 earnings per share for the current fiscal year.

About Sumitomo

(Get Free Report)

Sumitomo Corporation (OTCMKTS: SSUMY) is a global integrated trading and investment company headquartered in Japan. As one of the country’s major sogo shosha (general trading firms), Sumitomo operates a diversified business portfolio that spans trading, project development, equity investments and provision of services to industrial and consumer markets. The company acts as a commercial intermediary and strategic investor, linking producers, manufacturers and end users across international supply chains.

Sumitomo’s business activities cover a wide range of sectors, including metal products and mining, transportation and construction systems, infrastructure and real estate, energy and chemical products, electronics and digital solutions, and consumer goods and food.

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