Sumitomo Mitsui Trust (OTCMKTS:SUTNY) Shares Gap Down – What’s Next?

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY – Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $5.53, but opened at $5.1950. Sumitomo Mitsui Trust shares last traded at $5.3050, with a volume of 50,599 shares changing hands.

Analyst Ratings Changes

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

Get Our Latest Analysis on Sumitomo Mitsui Trust

Sumitomo Mitsui Trust Stock Down 4.1%

The business has a 50 day simple moving average of $5.53 and a 200 day simple moving average of $6.67. The company has a market capitalization of $29.66 billion and a price-to-earnings ratio of 12.30. The company has a debt-to-equity ratio of 3.72, a current ratio of 0.99 and a quick ratio of 0.99.

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

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