Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down - Should You Sell?

Key Points

• Sumitomo Chemical's shares gapped down from a previous close of $16.85 to open at $15.87 on Friday, with only 104 shares traded.
• The company reported a net loss with an earnings per share (EPS) of ($0.10) and revenue of $3.64 billion for the last quarter.
• Sumitomo Chemical has a market capitalization of $5.47 billion and a price-to-earnings ratio of 97.00, indicating concerns about its high valuation relative to earnings.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $16.85, but opened at $15.87. Sumitomo Chemcl shares last traded at $15.87, with a volume of 104 shares traded.

Sumitomo Chemcl Price Performance

The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 97.00 and a beta of 0.25. The company has a 50-day moving average price of $13.60 and a 200-day moving average price of $12.38. 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 posted its earnings results on Friday, August 1st. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $3.64 billion for the quarter. Sumitomo Chemcl had a return on equity of 0.80% and a net margin of 0.35%.

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.

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