Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Here’s What Happened

by · The Cerbat Gem

Shares of Sumitomo Chemcl (OTCMKTS:SOMMY – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $14.99, but opened at $14.27. Sumitomo Chemcl shares last traded at $14.27, with a volume of 126 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Sumitomo Chemcl to a “hold” rating in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Check Out Our Latest Analysis on SOMMY

Sumitomo Chemcl Price Performance

The stock’s 50-day moving average price is $15.20 and its 200-day moving average price is $13.90. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 8.70 and a beta of 0.25. The company has a quick ratio of 0.89, a current ratio of 1.56 and a debt-to-equity ratio of 0.97.

Sumitomo Chemcl (OTCMKTS:SOMMY – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter. Sumitomo Chemcl had a net margin of 3.43% and a return on equity of 7.72%. The company had revenue of $3.86 billion during the quarter.

Sumitomo Chemcl Company Profile

(Get Free Report)

Sumitomo Chemical Company, Limited engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Essential Chemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and polymethyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.

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