Sumitomo Chemcl (OTCMKTS:SOMMY) Hits New 52-Week High - Should You Buy?

Key Points

• SUMITOMO CHEMCL shares reached a new 12-month high of $16.18 during trading, closing at the same price with a volume of 617 shares exchanged.
• The company reported a net margin of 0.35% and a revenue of $3.64 billion for the quarter, with earnings of ($0.10) EPS.
• With a market capitalization of $5.36 billion, Sumitomo Chemical has a price-to-earnings ratio of 95.18 and a debt-to-equity ratio of 0.97.

Shares of Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $16.18 and last traded at $16.18, with a volume of 617 shares trading hands. The stock had previously closed at $16.00.

Sumitomo Chemcl Trading Down 2.8%

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.89 and a current ratio of 1.56. The company's 50 day moving average price is $13.68 and its 200 day moving average price is $12.42. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 96.29 and a beta of 0.25.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported ($0.10) earnings per share (EPS) for the quarter. Sumitomo Chemcl had a return on equity of 0.80% and a net margin of 0.35%.The firm had revenue of $3.64 billion for the quarter.

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.