Sumitomo Chemcl (OTCMKTS:SOMMY) Releases Earnings Results

Key Points

• Sumitomo Chemical reported a quarterly earnings loss of ($0.10) earnings per share (EPS), with a net margin of 1.44% and a return on equity of 3.31%.
• As of mid-day trading on Friday, shares of Sumitomo Chemcl (OTCMKTS:SOMMY) decreased by $0.07 to reach a price of $12.58.
• The company has a market capitalization of $4.17 billion and trades with a price-to-earnings ratio of 16.77.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.10) earnings per share for the quarter, Zacks reports. The company had revenue of $3.64 billion during the quarter. Sumitomo Chemcl had a net margin of 0.35% and a return on equity of 0.80%.

Sumitomo Chemcl Stock Up 3.1%

Shares of OTCMKTS SOMMY traded up $0.40 during trading on Tuesday, hitting $13.15. 570 shares of the company traded hands, compared to its average volume of 6,458. Sumitomo Chemcl has a fifty-two week low of $9.95 and a fifty-two week high of $14.99. The business's fifty day moving average is $12.11 and its 200 day moving average is $11.71. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 77.32 and a beta of 0.29. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 1.52.

About Sumitomo Chemcl

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.