Sumitomo Mitsui Trust (OTCMKTS:SUTNY) Shares Gap Up – Should You Buy?

Shares of Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $5.61, but opened at $5.84. Sumitomo Mitsui Trust shares last traded at $5.6360, with a volume of 3,310 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Read Our Latest Stock Report on Sumitomo Mitsui Trust

Sumitomo Mitsui Trust Trading Down 1.0%

The business has a 50-day moving average of $5.96 and a 200-day moving average of $6.72. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 3.72. The stock has a market cap of $31.06 billion and a price-to-earnings ratio of 12.88.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter. Sumitomo Mitsui Trust had a net margin of 11.81% and a return on equity of 10.45%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $1.33 billion. As a group, research analysts forecast that Sumitomo Mitsui Trust Holdings, Inc. will post 0.49 earnings per share for the current year.

Sumitomo Mitsui Trust Company Profile

(Get Free Report)

Sumitomo Mitsui Trust Holdings, Inc is a Japanese financial holding company and the parent of the Sumitomo Mitsui Trust Group. Through its subsidiaries, including Sumitomo Mitsui Trust Bank, the group provides banking, trust banking, asset management, and related financial services to individuals, corporations, institutional investors, and public-sector clients.

The group’s services include deposits and lending, investment and pension management, securities administration, real estate services, inheritance and asset succession planning, and investment banking.

Further Reading

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