Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $24.90 and traded as low as $24.00. Sumitomo shares last traded at $24.74, with a volume of 115,441 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Nomura Securities upgraded shares of Sumitomo to a "strong-buy" rating in a research note on Wednesday, May 28th.
View Our Latest Stock Analysis on SSUMY
Sumitomo Stock Up 1.8%
The firm has a market cap of $31.28 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 5.80 and a beta of 0.63. The firm's 50 day moving average price is $25.09 and its two-hundred day moving average price is $23.15. 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 announced its earnings results on Thursday, May 1st. The conglomerate reported $0.79 earnings per share 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 the consensus estimate of $11.78 billion. As a group, sell-side analysts forecast that Sumitomo Corp. will post 2.82 earnings per share 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.
Further Reading
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