Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Should You Sell?

Sumitomo Chemcl (OTCMKTS:SOMMY) gapped down prior to trading 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.

Wall Street Analyst Weigh In

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

Sumitomo Chemcl Trading Down 3.2%

The business’s 50 day moving average price is $14.80 and its two-hundred day moving average price is $14.59. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 8.44 and a beta of 0.23. The company has a current ratio of 1.69, a quick ratio of 1.00 and a debt-to-equity ratio of 0.84.

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