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

Shares of Sumitomo Chemcl (OTCMKTS:SOMMYGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $16.9350, but opened at $15.35. Sumitomo Chemcl shares last traded at $15.35, with a volume of 333 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sumitomo Chemcl to a “hold” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sumitomo Chemcl currently has an average rating of “Hold”.

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Sumitomo Chemcl Trading Down 9.4%

The stock has a market cap of $5.09 billion, a P/E ratio of 12.38 and a beta of 0.33. The firm’s 50 day moving average price is $17.14 and its 200-day moving average price is $16.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.91.

Sumitomo Chemcl (OTCMKTS:SOMMYGet Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.52) EPS for the quarter. Sumitomo Chemcl had a net margin of 2.65% and a return on equity of 5.16%. The business had revenue of $3.97 billion for the quarter. Sumitomo Chemcl has set its FY 2026 guidance at 1.350-1.350 EPS. As a group, equities research analysts forecast that Sumitomo Chemcl will post 1.5 earnings per share for the current year.

Sumitomo Chemcl Company Profile

(Get Free Report)

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.

Further Reading

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