Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $27.94, but opened at $26.65. Sumitomo shares last traded at $27.76, with a volume of 27,600 shares.
Analyst Ratings Changes
Separately, Nomura Securities upgraded shares of Sumitomo to a "strong-buy" rating in a report on Wednesday, May 28th.
Get Our Latest Stock Analysis on SSUMY
Sumitomo Price Performance
The stock has a market capitalization of $33.43 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 2.33 and a beta of 0.64. The business's fifty day moving average price is $25.69 and its 200-day moving average price is $24.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.56 and a quick ratio of 1.05.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last released its earnings results on Thursday, July 31st. The conglomerate reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.04. Sumitomo had a net margin of 8.31% and a return on equity of 12.70%. The firm had revenue of $12 billion for the quarter, compared to analysts' expectations of $12.66 billion. On average, research analysts forecast that Sumitomo Corp. will post 2.82 EPS for the current 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.
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