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

Sumitomo Chemcl (OTCMKTS:SOMMY) shares gapped up before the market opened on Friday . The stock had previously closed at $18.40, but opened at $19.91. Sumitomo Chemcl shares last traded at $19.91, with a volume of 604 shares changing hands.

Sumitomo Chemcl Stock Performance

The firm’s 50 day simple moving average is $16.73 and its 200 day simple moving average is $16.04. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 15.36 and a beta of 0.26. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.92 and a current ratio of 1.57.

Sumitomo Chemcl (OTCMKTS:SOMMY) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.52) earnings per share for the quarter. The company had revenue of $3.97 billion for the quarter. Sumitomo Chemcl had a net margin of 2.65% and a return on equity of 5.21%. Sumitomo Chemcl has set its FY 2026 guidance at 1.350-1.350 EPS. Sell-side analysts forecast that Sumitomo Chemcl will post 1.35 earnings per share for the current fiscal year.

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.