Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $24.99, but opened at $24.02. Sumitomo shares last traded at $25.07, with a volume of 2,498 shares.
Wall Street Analysts Forecast Growth
Separately, Nomura Securities upgraded Sumitomo to a "strong-buy" rating in a research note on Wednesday, May 28th.
Check Out Our Latest Report on SSUMY
Sumitomo Stock Up 0.5%
The company's fifty day simple moving average is $25.43 and its 200 day simple moving average is $23.65. The firm has a market capitalization of $32.35 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 5.83 and a beta of 0.62. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.55.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The conglomerate reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $11.78 billion. Sumitomo had a return on equity of 11.60% and a net margin of 7.71%. Research 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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