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

Key Points

• Gapped down: Shares opened at $16.36 after a prior close of $17.81, a sharp pre-market drop that occurred on very light volume (202 shares traded).
• Valuation and balance-sheet snapshot: Market cap $5.37B with a PE of 8.26, debt-to-equity 0.76, quick ratio 0.92, current ratio 1.57, and a low beta of 0.28; the stock sits near its 50-day SMA ($16.73) and above its 200-day SMA ($15.62).
• Recent results: Last quarter reported $0.94 EPS on $3.97B revenue, with a net margin of 4.01% and return on equity of 8.40%.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $17.81, but opened at $16.36. Sumitomo Chemcl shares last traded at $16.36, with a volume of 202 shares traded.

Sumitomo Chemcl Stock Performance

The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The company has a market cap of $5.37 billion, a PE ratio of 8.26 and a beta of 0.28. The stock's 50 day simple moving average is $16.73 and its two-hundred day simple moving average is $15.62.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $0.94 EPS for the quarter. Sumitomo Chemcl had a net margin of 4.01% and a return on equity of 8.40%. The business had revenue of $3.97 billion for the quarter.

Sumitomo Chemcl Company Profile

Sumitomo Chemical Co, Ltd. is a diversified chemical company headquartered in Tokyo, Japan. Established in 1913 as part of the historic Sumitomo Group, the company has grown into a global industry leader, operating across multiple chemical and material science industries. It is listed in Japan's premier equity markets and is available to U.S. investors via its American depositary receipts trading under the ticker SOMMY on the OTCMKTS exchange.

The company's operations are organized into several core business segments, including petrochemicals, energy and functional materials, IT‐related chemicals, living materials, and health & crop sciences.

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