Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY - Get Free Report) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 2,500 shares, a decline of 95.2% from the April 30th total of 52,300 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 3,800 shares, the short-interest ratio is currently 0.7 days.
Sumitomo Chemical Stock Performance
SOMMY traded up $0.07 on Monday, hitting $11.98. The company's stock had a trading volume of 1,067 shares, compared to its average volume of 7,980. The company's 50 day simple moving average is $11.58 and its 200-day simple moving average is $11.46. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. Sumitomo Chemical has a 12 month low of $9.55 and a 12 month high of $14.99. The firm has a market cap of $3.97 billion, a P/E ratio of -3.32 and a beta of 0.29.
Sumitomo Chemical (OTCMKTS:SOMMY - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.20 earnings per share for the quarter. The firm had revenue of $4.60 billion for the quarter. Sumitomo Chemical had a negative net margin of 7.00% and a negative return on equity of 15.28%.
Sumitomo Chemical Company Profile
(
Get Free Report)
Sumitomo Chemical Company, Limited engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Essential Chemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and polymethyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.
Recommended Stories
Before you consider Sumitomo Chemcl, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sumitomo Chemcl wasn't on the list.
While Sumitomo Chemcl currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
