Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – What’s Next?
by Kim Johansen · The Markets DailySumitomo Chemcl (OTCMKTS:SOMMY – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $20.50, but opened at $18.20. Sumitomo Chemcl shares last traded at $18.1950, with a volume of 1,774 shares trading hands.
Sumitomo Chemcl Price Performance
The business has a 50-day simple moving average of $15.67 and a two-hundred day simple moving average of $15.26. 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 $6.03 billion, a price-to-earnings ratio of 9.28 and a beta of 0.28.
Sumitomo Chemcl (OTCMKTS:SOMMY – Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.94 EPS for the quarter. Sumitomo Chemcl had a return on equity of 8.61% and a net margin of 4.01%.The company had revenue of $3.97 billion for 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.