Free Trial

Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down - Here's What Happened

Sumitomo Chemcl logo with Basic Materials background

Shares of Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $12.91, but opened at $12.07. Sumitomo Chemcl shares last traded at $12.07, with a volume of 604 shares trading hands.

Sumitomo Chemcl Stock Up 2.6%

The stock has a market capitalization of $4.03 billion, a P/E ratio of 16.20 and a beta of 0.27. The company's 50-day moving average price is $11.93 and its 200 day moving average price is $11.53. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 1.52.

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

About Sumitomo Chemcl

(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.

See Also

Should You Invest $1,000 in Sumitomo Chemcl Right Now?

Before you consider Sumitomo Chemcl, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sumitomo Chemcl wasn't on the list.

While Sumitomo Chemcl currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Time to Cash Out? 5 Stocks to Drop Before Earnings
Watch Before Monday: Stocks to Load Up on Before Earnings
3 Hot Growth Stocks to Watch Right Now!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines