Sumitomo Corp. (OTCMKTS:SSUMY – Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $34.37 and traded as low as $10.89. Sumitomo shares last traded at $10.90, with a volume of 147,415 shares traded.
Sumitomo Stock Performance
The firm has a fifty day moving average price of $22.56 and a 200 day moving average price of $34.16. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.38. The stock has a market cap of $50.96 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.72 and a beta of 0.58.
Sumitomo (OTCMKTS:SSUMY – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The conglomerate reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.58). The company had revenue of $12.24 billion during the quarter, compared to analysts’ expectations of $11.50 billion. Sumitomo had a return on equity of 12.39% and a net margin of 8.23%. Research analysts forecast that Sumitomo Corp. will post 0.83 earnings per share for the current fiscal year.
Sumitomo Company Profile
Sumitomo Corporation (OTCMKTS: SSUMY) is a global integrated trading and investment company headquartered in Japan. As one of the country’s major sogo shosha (general trading firms), Sumitomo operates a diversified business portfolio that spans trading, project development, equity investments and provision of services to industrial and consumer markets. The company acts as a commercial intermediary and strategic investor, linking producers, manufacturers and end users across international supply chains.
Sumitomo’s business activities cover a wide range of sectors, including metal products and mining, transportation and construction systems, infrastructure and real estate, energy and chemical products, electronics and digital solutions, and consumer goods and food.
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