Sumitomo Co. (OTCMKTS:SSUMY - Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 137,400 shares, an increase of 107.9% from the March 31st total of 66,100 shares. Based on an average trading volume of 319,900 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are sold short.
Sumitomo Stock Performance
SSUMY traded down $0.44 during midday trading on Friday, reaching $24.40. The company had a trading volume of 82,662 shares, compared to its average volume of 79,849. Sumitomo has a 12-month low of $19.00 and a 12-month high of $28.90. The business has a 50-day moving average price of $23.18 and a two-hundred day moving average price of $22.08. The stock has a market cap of $29.55 billion, a PE ratio of 12.26, a P/E/G ratio of 0.67 and a beta of 0.58. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.24 and a current ratio of 1.77.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The conglomerate reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Sumitomo had a return on equity of 7.73% and a net margin of 5.42%. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $11.78 billion. On average, sell-side analysts expect that Sumitomo will post 2.82 earnings per share for the current fiscal year.
Sumitomo Company Profile
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Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts.
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