Nomura Securities upgraded shares of Sumitomo (OTCMKTS:SSUMY - Free Report) to a strong-buy rating in a research report sent to investors on Wednesday, May 28th,Zacks.com reports.
Sumitomo Stock Performance
Shares of SSUMY traded down $0.54 during trading hours on Wednesday, hitting $25.44. The company had a trading volume of 107,990 shares, compared to its average volume of 87,135. The business has a fifty day moving average of $23.99 and a 200-day moving average of $22.69. Sumitomo has a 12 month low of $19.00 and a 12 month high of $26.67. The company has a quick ratio of 1.24, a current ratio of 1.77 and a debt-to-equity ratio of 0.55. The firm has a market cap of $30.81 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.67 and a beta of 0.65.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last posted its earnings results on Thursday, May 1st. The conglomerate reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $11.78 billion. Sumitomo had a return on equity of 7.73% and a net margin of 5.42%. Equities analysts anticipate that Sumitomo will post 2.82 EPS for the current fiscal 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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