Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report)'s share price passed 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 traded.
Wall Street Analyst Weigh In
Separately, Nomura Securities upgraded Sumitomo to a "strong-buy" rating in a report on Wednesday, May 28th.
Check Out Our Latest Report on Sumitomo
Sumitomo Trading Down 3.3%
The company has a market cap of $30.63 billion, a PE ratio of 8.35, a PEG ratio of 5.98 and a beta of 0.62. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.05 and a current ratio of 1.56. The company has a 50 day simple moving average of $25.32 and a two-hundred day simple moving average of $23.35.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The conglomerate reported $0.79 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $11.78 billion. Sell-side 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.
Further Reading
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
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
