SUMITOMO CHEMCL (OTCMKTS:SOMMY) Shares Gap Down - Time to 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) 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 changing hands.

SUMITOMO CHEMCL Price Performance

The firm has a market capitalization of $5.44 billion, a PE ratio of 96.59 and a beta of 0.25. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.89 and a current ratio of 1.56. The stock has a fifty day moving average price of $13.86 and a 200-day moving average price of $12.49.

SUMITOMO CHEMCL (OTCMKTS:SOMMY - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported ($0.10) earnings per share for the quarter. The firm 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%.

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.