Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Up – Still a Buy?

Shares of Sumitomo Chemcl (OTCMKTS:SOMMY) gapped up prior to trading on Friday . The stock had previously closed at $14.60, but opened at $15.22. Sumitomo Chemcl shares last traded at $15.22, with a volume of 222 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Sumitomo Chemcl to a “hold” rating in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sumitomo Chemcl presently has an average rating of “Hold”.

Sumitomo Chemcl Stock Performance

The stock has a market cap of $5.17 billion, a P/E ratio of 9.01 and a beta of 0.23. The stock has a fifty day simple moving average of $14.82 and a 200-day simple moving average of $14.64. The company has a quick ratio of 1.00, a current ratio of 1.69 and a debt-to-equity ratio of 0.84.

Sumitomo Chemcl (OTCMKTS:SOMMY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter. Sumitomo Chemcl had a return on equity of 7.54% and a net margin of 3.43%.The company had revenue of $3.86 billion during the quarter.

About Sumitomo Chemcl

Sumitomo Chemical Co, Ltd. is a diversified chemical company headquartered in Tokyo, Japan. Established in 1913 as part of the historic Sumitomo Group, the company has grown into a global industry leader, operating across multiple chemical and material science industries. It is listed in Japan’s premier equity markets and is available to U.S. investors via its American depositary receipts trading under the ticker SOMMY on the OTCMKTS exchange.

The company’s operations are organized into several core business segments, including petrochemicals, energy and functional materials, IT‐related chemicals, living materials, and health & crop sciences.