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Sumitomo Chemcl (OTCMKTS:SOMMY) Sees Unusually-High Trading Volume - Still a Buy?

Sumitomo Chemcl logo with Basic Materials background

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 14,542 shares were traded during mid-day trading, an increase of 106% from the previous session's volume of 7,065 shares.The stock last traded at $11.93 and had previously closed at $11.83.

Sumitomo Chemcl Trading Down 0.2%

The company's 50 day moving average price is $11.93 and its 200 day moving average price is $11.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.52 and a quick ratio of 0.92. The firm has a market cap of $4.13 billion, a PE ratio of 16.63 and a beta of 0.27.

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

Sumitomo Chemcl 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.

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