Sumitomo Chemcl (OTCMKTS:SOMMY) Sets New 1-Year High - Here's Why

Key Points

• Sumitomo Chemical shares reached a new 52-week high of $15.26 during trading, significantly up from a previous close of $15.12.
• The company reported a net margin of 0.35% and EPS of ($0.10) with quarterly revenue standing at $3.64 billion.
• Sumitomo Chemical has a market capitalization of $5.06 billion and a price-to-earnings ratio of 89.76.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $15.26 and last traded at $15.26, with a volume of 725 shares changing hands. The stock had previously closed at $15.12.

Sumitomo Chemcl Price Performance

The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 94.12 and a beta of 0.25. The company has a fifty day simple moving average of $13.26 and a 200 day simple moving average of $12.25. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.89 and a current ratio of 1.56.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported ($0.10) earnings per share (EPS) for the quarter. The business 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 Company Profile

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.