Sumitomo Chemcl (OTCMKTS:SOMMY) Sees Unusually-High Trading Volume – Here’s What Happened

Sumitomo Chemcl (OTCMKTS:SOMMY) shares saw unusually-high trading volume on Tuesday . Approximately 2,729 shares were traded during trading, an increase of 207% from the previous session’s volume of 889 shares.The stock last traded at $16.15 and had previously closed at $14.99.

Sumitomo Chemcl Price Performance

The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 9.34 and a beta of 0.28. The company has a quick ratio of 1.00, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average is $14.86 and its 200-day moving average is $14.78.

Sumitomo Chemcl (OTCMKTS:SOMMY) last issued its earnings results on Tuesday, February 3rd. The company reported $0.94 earnings per share (EPS) 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.