Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $26.69 and last traded at $26.62, with a volume of 42173 shares traded. The stock had previously closed at $25.50.
Wall Street Analyst Weigh In
Separately, Nomura Securities upgraded shares of Sumitomo to a "strong-buy" rating in a research report on Wednesday, May 28th.
Get Our Latest Stock Analysis on SSUMY
Sumitomo Stock Performance
The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.55. The firm's 50-day moving average is $25.46 and its two-hundred day moving average is $23.73. The stock has a market cap of $31.86 billion, a price-to-earnings ratio of 8.68, a P/E/G ratio of 6.02 and a beta of 0.62.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The conglomerate reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $11.78 billion. Sumitomo had a net margin of 7.71% and a return on equity of 11.60%. As a group, sell-side analysts expect that Sumitomo Corp. will post 2.82 earnings per share for the current year.
About Sumitomo
(
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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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