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

Sumitomo Chemcl (OTCMKTS:SOMMY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $14.60, but opened at $15.22. Sumitomo Chemcl shares last traded at $15.22, with a volume of 222 shares traded.

Wall Street Analysts Forecast Growth

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

Sumitomo Chemcl Stock Up 4.2%

The business’s 50 day simple moving average is $14.81 and its 200-day simple moving average is $14.59. 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 company has a market cap of $5.05 billion, a price-to-earnings ratio of 8.80 and a beta of 0.23.

Sumitomo Chemcl (OTCMKTS:SOMMY) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter. Sumitomo Chemcl had a return on equity of 7.54% and a net margin of 3.43%.The business had revenue of $3.86 billion during the quarter.

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.