Sumitomo Mitsui Trust (OTCMKTS:SUTNY) Sets New 12-Month High – Time to Buy?

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY)’s stock price reached a new 52-week high on Thursday . The company traded as high as $5.79 and last traded at $5.77, with a volume of 7226 shares traded. The stock had previously closed at $5.55.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Sumitomo Mitsui Trust Stock Performance

The company has a debt-to-equity ratio of 3.72, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50 day moving average price of $6.87 and a 200 day moving average price of $6.89. The stock has a market capitalization of $32.03 billion and a PE ratio of 13.29.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $1.33 billion. Sumitomo Mitsui Trust had a return on equity of 10.45% and a net margin of 11.81%. As a group, equities research analysts expect that Sumitomo Mitsui Trust Holdings, Inc. will post 0.46 earnings per share for the current year.

Sumitomo Mitsui Trust Company Profile

Sumitomo Mitsui Trust Holdings, Inc, known internationally under the ticker OTCMKTS:SUTNY, is Japan’s largest trust banking group, offering a broad array of fiduciary and financial services. Headquartered in Tokyo, the company operates through a network of domestic branches and overseas offices in Asia, Europe and North America to serve institutional investors, corporates and private clients.

The group’s core activities span trust banking, asset management, real estate services and wholesale banking.