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

Sumitomo Chemcl (OTCMKTS:SOMMY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $18.36, but opened at $16.17. Sumitomo Chemcl shares last traded at $16.17, with a volume of 3,405 shares.

Sumitomo Chemcl Trading Up 2.5%

The firm’s 50-day moving average price is $18.42 and its 200-day moving average price is $17.10. The company has a quick ratio of 0.92, a current ratio of 1.50 and a debt-to-equity ratio of 0.60. The company has a market cap of $5.49 billion, a P/E ratio of 8.29 and a beta of 0.45.

Sumitomo Chemcl (OTCMKTS:SOMMY) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.80 earnings per share for the quarter. Sumitomo Chemcl had a return on equity of 7.85% and a net margin of 4.32%. The firm had revenue of $3.74 billion for the quarter. As a group, equities research analysts expect that Sumitomo Chemcl will post 1.50 earnings per share for the current fiscal year.

Sumitomo Chemcl Company Profile

Sumitomo Chemical Co, Ltd. is a Japan-based diversified chemical company that develops and manufactures products for industrial, agricultural, healthcare and consumer applications. Its portfolio includes petrochemical and basic chemical products, synthetic resins, advanced materials, coatings, additives and other specialty chemicals.

The company also produces materials used in information technology and electronics, including semiconductor-related materials, display materials and other functional components.