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OTCMKTS:SSUMY

Sumitomo (SSUMY) Stock Price, News & Analysis

$22.89
+0.04 (+0.18%)
(As of 09/20/2024 ET)

About Sumitomo Stock (OTCMKTS:SSUMY)

Key Stats

Today's Range
$22.70
$22.93
50-Day Range
$20.18
$25.96
52-Week Range
$18.51
$28.90
Volume
23,162 shs
Average Volume
46,704 shs
Market Capitalization
$27.72 billion
P/E Ratio
10.95
Dividend Yield
2.53%
Price Target
N/A
Consensus Rating
N/A

Company Overview

Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts. It is involved in the development of renewable energy projects comprising power generation and power plant engineering, procurement, and construction activities; electricity retail; industrial facilities and equipment, water, transportation systems and infrastructure, airports, smart city project, environmental solutions, and storage battery businesses; development and operation of industrial parks; arranging insurance; and provision of logistics services. In addition, the company engages in the cable television, 5G related technologies, programming distribution, movies, digital media and video content, TV shopping, and e-commerce businesses; cell phone, ICT platform, digital solution, and venture capital businesses; provision of smart communications infrastructure; operation of food supermarkets and drugstore chains; trade of cement and building materials; and real estate businesses. Further, it develops and trades in coal, iron ore, manganese, uranium, non-ferrous and precious metals, petroleum, natural gas and liquefied natural gas, and commodity derivative transactions; trades in non-ferrous metal products, liquefied petroleum gas, storage batteries, carbon products, plastics, organic and inorganic chemicals, silicon wafers, LEDs, pharmaceuticals, agricultural chemicals, household insecticides, fertilizers, and veterinary drugs; engages in the investing activities; and provides electronics manufacturing services. Sumitomo Corporation was incorporated in 1919 and is headquartered in Tokyo, Japan.

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SSUMY Stock News Headlines

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SSUMY Stock Analysis - Frequently Asked Questions

Sumitomo's stock was trading at $21.7380 at the beginning of the year. Since then, SSUMY stock has increased by 5.3% and is now trading at $22.89.
View the best growth stocks for 2024 here
.

Sumitomo Co. (OTCMKTS:SSUMY) announced its quarterly earnings results on Wednesday, July, 31st. The conglomerate reported $0.64 EPS for the quarter. The conglomerate earned $11.01 billion during the quarter. Sumitomo had a trailing twelve-month return on equity of 8.04% and a net margin of 5.46%.

Sumitomo subsidiaries include these companies: Gemadept Corporation, Q-Park, Fyffes, Sumi Agro Europe, Agro Amazônia, Edgen Group, KUSURI-NO-KATSUMATA, and more.

Shares of SSUMY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Last Earnings
7/31/2024
Today
9/20/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
N/A
Current Symbol
OTCMKTS:SSUMY
CIK
N/A
Fax
N/A
Employees
78,235
Year Founded
1919

Profitability

Net Income
$2.56 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$45.76 billion
Cash Flow
$4.52 per share
Book Value
$23.90 per share

Miscellaneous

Outstanding Shares
1,211,100,000
Free Float
N/A
Market Cap
$27.72 billion
Optionable
Not Optionable
Beta
0.71

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Should I Buy Sumitomo Stock? SSUMY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 10, 2024. Please send any questions or comments about these Sumitomo pros and cons to contact@marketbeat.com.

Sumitomo
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Sumitomo Co.:

  • Sumitomo Co. has shown a significant decrease in short interest, indicating potential positive market sentiment.
  • The company's current stock price is at $23.04, which may present a buying opportunity for investors looking to enter at a lower price point.
  • Sumitomo Co. has a strong return on equity of 8.04%, showcasing efficient use of shareholder funds.
  • With a P/E ratio of 11.02, the stock may be considered undervalued compared to industry peers, offering potential for capital appreciation.
  • Sumitomo Co. has a diverse business model operating across various segments, providing stability and potential for growth in different economic conditions.

Sumitomo
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Sumitomo Co. for these reasons:

  • The stock price of Sumitomo Co. has crossed below its 200-day moving average, indicating a potential bearish trend in the short to medium term.
  • Sumitomo Co. has a debt-to-equity ratio of 0.55, which may raise concerns about the company's financial leverage and ability to manage debt obligations.
  • While the company has a low P/E ratio, the PEG ratio of 0.48 suggests that the stock may not be as attractively valued when considering future growth prospects.
  • Sumitomo Co. operates in a highly competitive industry, which could pose challenges for sustained market share and profitability.
  • The company's revenue growth may be impacted by global economic conditions and trade uncertainties, affecting overall financial performance.

This page (OTCMKTS:SSUMY) was last updated on 9/20/2024 by MarketBeat.com Staff
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