Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $25.83, but opened at $24.85. Sumitomo shares last traded at $25.78, with a volume of 43,597 shares traded.
Analyst Upgrades and Downgrades
Separately, Nomura Securities raised Sumitomo to a "strong-buy" rating in a research report on Wednesday, May 28th.
Get Our Latest Stock Report on SSUMY
Sumitomo Stock Performance
The firm's 50-day moving average price is $25.09 and its two-hundred day moving average price is $23.16. 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 firm has a market capitalization of $31.20 billion, a PE ratio of 8.50, a P/E/G ratio of 5.91 and a beta of 0.64.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last posted its quarterly earnings results 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. Sumitomo had a net margin of 7.71% and a return on equity of 11.60%. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $11.78 billion. As a group, research analysts predict that Sumitomo Corp. will post 2.82 earnings per share for the current fiscal year.
Sumitomo Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sumitomo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sumitomo wasn't on the list.
While Sumitomo currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
