Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $25.32 and traded as high as $25.60. Sumitomo shares last traded at $25.29, with a volume of 79,885 shares.
Wall Street Analyst Weigh In
Separately, Nomura Securities upgraded shares of Sumitomo to a "strong-buy" rating in a research report on Wednesday, May 28th.
View Our Latest Analysis on SSUMY
Sumitomo Stock Performance
The company has a debt-to-equity ratio of 0.55, a current ratio of 1.56 and a quick ratio of 1.05. The company's 50-day moving average price is $25.37 and its two-hundred day moving average price is $23.41. The company has a market capitalization of $30.57 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 5.82 and a beta of 0.62.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last issued its earnings results on Thursday, May 1st. The conglomerate reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $13.83 billion for 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, equities research analysts anticipate that Sumitomo Corp. will post 2.82 EPS for the current fiscal 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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