Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down - What's Next?

Key Points

• Sumitomo Chemical's stock price gapped down from $15.41 to $14.78 before the market opened on Thursday, with trading volume of only 117 shares.
• On September 30th, Zacks Research upgraded the stock to a "hold" rating, contributing to an overall average rating of "Hold" from analysts.
• In its last quarterly earnings report, Sumitomo reported a loss of ($0.10) EPS and revenue of $3.64 billion, with a net margin of 0.35% and a return on equity of 0.80%.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $15.41, but opened at $14.78. Sumitomo Chemcl shares last traded at $14.78, with a volume of 117 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Sumitomo Chemcl to a "hold" rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold".

Sumitomo Chemcl Price Performance

The company has a debt-to-equity ratio of 0.97, a current ratio of 1.56 and a quick ratio of 0.89. The company has a market capitalization of $4.90 billion, a PE ratio of 86.94 and a beta of 0.28. The firm has a 50-day moving average of $15.38 and a 200 day moving average of $13.13.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported ($0.10) EPS for the quarter. The business had revenue of $3.64 billion for 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.

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