Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Up – Here’s What Happened
by Amy Steele · The Cerbat GemSumitomo Chemcl (OTCMKTS:SOMMY – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $14.2850, but opened at $14.7490. Sumitomo Chemcl shares last traded at $14.7490, with a volume of 105 shares trading hands.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Sumitomo Chemcl to a “hold” rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.
Get Our Latest Research Report on SOMMY
Sumitomo Chemcl Stock Performance
The company has a quick ratio of 1.00, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $4.89 billion, a P/E ratio of 8.53 and a beta of 0.25. The business has a fifty day moving average price of $14.87 and a 200-day moving average price of $14.26.
Sumitomo Chemcl (OTCMKTS:SOMMY – Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter. Sumitomo Chemcl had a net margin of 3.43% and a return on equity of 7.54%. The business had revenue of $3.86 billion during the quarter.
About Sumitomo Chemcl
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.