Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $30.47 and last traded at $29.69, with a volume of 44094 shares trading hands. The stock had previously closed at $29.60.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Sumitomo from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".
Read Our Latest Research Report on SSUMY
Sumitomo Trading Up 0.6%
The stock has a market cap of $36.09 billion, a P/E ratio of 8.84, a PEG ratio of 1.77 and a beta of 0.56. The business's 50 day simple moving average is $28.23 and its two-hundred day simple moving average is $25.86. The company has a quick ratio of 1.07, a current ratio of 1.59 and a debt-to-equity ratio of 0.54.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The conglomerate reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.04. The firm had revenue of $12 billion for the quarter, compared to analyst estimates of $12.66 billion. Sumitomo had a net margin of 8.31% and a return on equity of 12.49%. As a group, analysts expect that Sumitomo Corp. will post 2.82 EPS for the current 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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