Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Time to Sell?
by Michael Walen · The Markets DailySumitomo Chemcl (OTCMKTS:SOMMY – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $15.08, but opened at $14.60. Sumitomo Chemcl shares last traded at $14.60, with a volume of 117 shares trading hands.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of Sumitomo Chemcl to a “hold” rating in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.
Read Our Latest Stock Report on SOMMY
Sumitomo Chemcl Stock Performance
The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.00 and a current ratio of 1.69. The stock has a market cap of $5.17 billion, a P/E ratio of 9.01 and a beta of 0.23. The company’s 50 day moving average price is $14.82 and its 200-day moving average price is $14.62.
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. The firm had revenue of $3.86 billion for the quarter. Sumitomo Chemcl had a return on equity of 7.54% and a net margin of 3.43%.
Sumitomo Chemcl Company Profile
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.