Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Up - Here's Why

Key Points

• SUMITOMO CHEMCL shares experienced a gap up before the market opened, rising from $16.25 to $16.85.
• The company reported a net margin of 0.35% and a return on equity of 0.80% for the last quarter, with revenues of $3.64 billion.
• SUMITOMO CHEMCL has a market capitalization of $5.59 billion and notable financial ratios, including a PE ratio of 99.12 and a debt-to-equity ratio of 0.97.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $16.25, but opened at $16.85. Sumitomo Chemcl shares last traded at $16.85, with a volume of 112 shares traded.

Sumitomo Chemcl Price Performance

The firm has a 50 day simple moving average of $13.77 and a two-hundred day simple moving average of $12.46. The company has a market capitalization of $5.43 billion, a PE ratio of 96.29 and a beta of 0.25. The company has a current ratio of 1.56, a quick ratio of 0.89 and a debt-to-equity ratio of 0.97.

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. Sumitomo Chemcl had a net margin of 0.35% and a return on equity of 0.80%. The company had revenue of $3.64 billion during the quarter.

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.