Sumitomo Chemcl (OTCMKTS:SOMMY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Sumitomo Chemical (OTCMKTS:SOMMY) experienced an unusually-high trading volume on Friday, with approximately 11,046 shares traded, a 66% increase from the previous session.
• The company's stock price was $12.62 at the time of trading, down from a previous close of $12.83.
• Sumitomo Chemical reported a net revenue of $4.60 billion for the latest quarter, with earnings per share of $0.20 and a return on equity of 3.31%.
• The company operates in various sectors, including chemicals, plastics, and health and crop sciences, providing a diverse range of products and services worldwide.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 11,046 shares changed hands during mid-day trading, an increase of 66% from the previous session's volume of 6,637 shares.The stock last traded at $12.62 and had previously closed at $12.83.

Sumitomo Chemcl Price Performance

The firm's fifty day moving average price is $12.01 and its 200 day moving average price is $11.63. The firm has a market capitalization of $4.20 billion, a PE ratio of 16.88 and a beta of 0.27. The company has a current ratio of 1.52, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.20 EPS for the quarter. Sumitomo Chemcl had a net margin of 1.44% and a return on equity of 3.31%. The business had revenue of $4.60 billion for the quarter.

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.