Shares of Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $25.35, but opened at $24.01. Sumitomo shares last traded at $24.88, with a volume of 6,913 shares.
Wall Street Analysts Forecast Growth
Separately, Nomura Securities upgraded Sumitomo to a "strong-buy" rating in a research note on Wednesday, May 28th.
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Sumitomo Price Performance
The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.05 and a current ratio of 1.56. The company has a market cap of $30.31 billion, a P/E ratio of 8.26, a P/E/G ratio of 5.70 and a beta of 0.62. The firm has a 50 day moving average price of $25.40 and a two-hundred day moving average price of $23.54.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The conglomerate reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The business had revenue of $13.83 billion for the quarter, compared to analysts' expectations of $11.78 billion. Sumitomo had a return on equity of 11.60% and a net margin of 7.71%. On average, analysts predict that Sumitomo Corp. will post 2.82 EPS for the current fiscal 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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