Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $24.61, but opened at $26.21. Sumitomo shares last traded at $25.20, with a volume of 6,754 shares traded.
Wall Street Analyst Weigh In
Separately, Nomura Securities raised Sumitomo to a "strong-buy" rating in a research report on Wednesday, May 28th.
Check Out Our Latest Report on SSUMY
Sumitomo Price Performance
The firm has a fifty day moving average price of $24.98 and a two-hundred day moving average price of $23.09. 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 stock has a market capitalization of $30.54 billion, a P/E ratio of 8.32, a P/E/G ratio of 5.81 and a beta of 0.64.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The conglomerate reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $11.78 billion. Sumitomo had a net margin of 7.71% and a return on equity of 11.60%. On average, analysts expect that Sumitomo Corp. will post 2.82 EPS for the current year.
About Sumitomo
(
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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