Sumitomo (OTCMKTS:SSUMY) Stock Passes Above Fifty Day Moving Average of $24.00

Sumitomo Co. (OTCMKTS:SSUMY)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $24.00 and traded as high as $25.02. Sumitomo shares last traded at $24.65, with a volume of 13,949 shares traded.

Sumitomo Trading Up 1.0 %

The company’s 50 day simple moving average is $24.00 and its 200 day simple moving average is $22.32. The firm has a market cap of $30.12 billion, a price-to-earnings ratio of 8.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.63 and a quick ratio of 1.18.

Sumitomo (OTCMKTS:SSUMY) last posted its quarterly earnings results on Monday, February 5th. The conglomerate reported $0.69 EPS for the quarter. The business had revenue of $13.48 billion during the quarter. Sumitomo had a net margin of 7.41% and a return on equity of 12.25%. As a group, research analysts expect that Sumitomo Co. will post 2.57 earnings per share for the current fiscal year.

Sumitomo Company Profile

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.