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

by · The Markets Daily

Sumitomo Chemcl (OTCMKTS:SOMMY – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $17.17, but opened at $16.4950. Sumitomo Chemcl shares last traded at $16.4950, with a volume of 1,004 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Sumitomo Chemcl to a “hold” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Read Our Latest Report on Sumitomo Chemcl

Sumitomo Chemcl Price Performance

The company has a market capitalization of $5.47 billion, a PE ratio of 13.30 and a beta of 0.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $17.34 and its 200-day simple moving average is $16.61.

Sumitomo Chemcl (OTCMKTS:SOMMY – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.52) EPS for the quarter. The business had revenue of $3.97 billion during the quarter. Sumitomo Chemcl had a net margin of 2.65% and a return on equity of 5.16%. Sumitomo Chemcl has set its FY 2026 guidance at 1.350-1.350 EPS. As a group, equities analysts forecast that Sumitomo Chemcl will post 1.5 earnings per share for the current fiscal year.

About Sumitomo Chemcl

(Get Free Report)

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.

Recommended Stories