Sumitomo Chemcl (OTCMKTS:SOMMY) Sets New 1-Year High – Here’s Why

Sumitomo Chemcl (OTCMKTS:SOMMY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $19.90 and last traded at $19.90, with a volume of 307 shares changing hands. The stock had previously closed at $18.62.

Sumitomo Chemcl Price Performance

The company has a market cap of $6.60 billion, a P/E ratio of 10.15 and a beta of 0.28. The stock has a 50-day simple moving average of $15.55 and a 200 day simple moving average of $15.22. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.00 and a current ratio of 1.69.

Sumitomo Chemcl (OTCMKTS:SOMMY) last issued its earnings results on Tuesday, February 3rd. The company reported $0.94 EPS for the quarter. The business had revenue of $3.97 billion during the quarter. Sumitomo Chemcl had a return on equity of 8.61% and a net margin of 4.01%.

About Sumitomo Chemcl

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.