Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Here’s Why

Sumitomo Chemcl (OTCMKTS:SOMMY)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $19.0250, but opened at $18.04. Sumitomo Chemcl shares last traded at $18.04, with a volume of 334 shares.

Analyst Ratings Changes

Separately, Zacks Research raised Sumitomo Chemcl to a “hold” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Sumitomo Chemcl Stock Performance

The firm has a market capitalization of $6.00 billion, a PE ratio of 8.55 and a beta of 0.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.92 and a current ratio of 1.50. The business’s fifty day simple moving average is $18.34 and its 200-day simple moving average is $17.36.

Sumitomo Chemcl Company Profile

Sumitomo Chemical Co, Ltd. is a Japan-based diversified chemical company that develops and manufactures products for industrial, agricultural, healthcare and consumer applications. Its portfolio includes petrochemical and basic chemical products, synthetic resins, advanced materials, coatings, additives and other specialty chemicals.

The company also produces materials used in information technology and electronics, including semiconductor-related materials, display materials and other functional components.