Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 700 shares, a drop of 72.0% from the May 15th total of 2,500 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.
Sumitomo Chemical Stock Performance
Shares of Sumitomo Chemical stock traded down $0.04 on Friday, reaching $11.95. 1,188 shares of the stock were exchanged, compared to its average volume of 7,506. The business has a 50 day moving average price of $11.58 and a two-hundred day moving average price of $11.45. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of -3.31 and a beta of 0.27. Sumitomo Chemical has a twelve month low of $9.55 and a twelve month high of $14.99. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 0.97.
Sumitomo Chemical (OTCMKTS:SOMMY - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.20 EPS for the quarter. The business had revenue of $4.60 billion for the quarter. Sumitomo Chemical had a negative net margin of 7.00% and a negative return on equity of 15.28%.
About Sumitomo Chemical
(
Get Free Report)
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.
Recommended Stories
Before you consider Sumitomo Chemical, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sumitomo Chemical wasn't on the list.
While Sumitomo Chemical currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
