SUMITOMO CHEMCL (OTCMKTS:SOMMY) Upgraded at Zacks Research

Key Points

• Sumitomo Chemical Company (OTCMKTS:SOMMY) has been upgraded to a "hold" rating by Zacks Research.
• The company's most recent quarterly earnings reported a loss of ($0.10) EPS with revenues of $3.64 billion.
• Sumitomo Chemical's stock performance reflects a 52-week range of $9.95 to $16.85 and has a market cap of $5.34 billion.

SUMITOMO CHEMCL (OTCMKTS:SOMMY - Get Free Report) was upgraded by equities researchers at Zacks Research to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

SUMITOMO CHEMCL Stock Performance

SUMITOMO CHEMCL stock opened at $16.11 on Tuesday. SUMITOMO CHEMCL has a 52 week low of $9.95 and a 52 week high of $16.85. The company has a current ratio of 1.56, a quick ratio of 0.89 and a debt-to-equity ratio of 0.97. The stock has a market cap of $5.34 billion, a P/E ratio of 94.76 and a beta of 0.28. The stock has a 50 day moving average of $14.62 and a 200-day moving average of $12.77.

SUMITOMO CHEMCL (OTCMKTS:SOMMY - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $3.64 billion during 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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