Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $28.00 and last traded at $27.52, with a volume of 81342 shares trading hands. The stock had previously closed at $27.55.
Analyst Ratings Changes
Separately, Nomura Securities raised shares of Sumitomo to a "strong-buy" rating in a research report on Wednesday, May 28th.
Check Out Our Latest Stock Report on SSUMY
Sumitomo Stock Performance
The company has a market cap of $33.24 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.55. The stock's 50-day moving average price is $25.81 and its 200 day moving average price is $24.32.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The conglomerate reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.04. Sumitomo had a net margin of 8.31% and a return on equity of 12.70%. The company had revenue of $12 billion for the quarter, compared to analyst estimates of $12.66 billion. As a group, research analysts expect that Sumitomo Corp. will post 2.82 EPS for the current fiscal year.
About Sumitomo
(
Get Free Report)
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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