SUMITOMO CHEMCL (OTCMKTS:SOMMY) Shares Gap Down - Time to Sell?

Key Points

• Sumitomo Chemical's stock price gapped down from $15.17 to $14.36 before trading began, with a current trading volume of 312 shares.
• Analysts have given the company a "hold" rating, with an average rating of "hold" according to MarketBeat.
• The company reported a loss of $0.10 per share for the last quarter, alongside revenue of $3.64 billion.

SUMITOMO CHEMCL (OTCMKTS:SOMMY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $15.17, but opened at $14.36. SUMITOMO CHEMCL shares last traded at $14.36, with a volume of 312 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded SUMITOMO CHEMCL to a "hold" rating in a report on Tuesday, September 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".

SUMITOMO CHEMCL Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.56 and a debt-to-equity ratio of 0.97. The stock has a market cap of $4.76 billion, a P/E ratio of 84.47 and a beta of 0.28. The stock has a fifty day simple moving average of $15.07 and a 200-day simple moving average of $12.96.

SUMITOMO CHEMCL (OTCMKTS:SOMMY - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported ($0.10) earnings per share 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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