Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Here’s Why

Shares of Sumitomo Chemcl (OTCMKTS:SOMMY) gapped down before the market opened on Monday . The stock had previously closed at $17.81, but opened at $16.36. Sumitomo Chemcl shares last traded at $16.36, with a volume of 202 shares traded.

Sumitomo Chemcl Trading Up 1.1%

The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 8.51 and a beta of 0.28. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.92 and a current ratio of 1.57. The company has a 50 day moving average price of $16.77 and a 200 day moving average price of $15.64.

Sumitomo Chemcl (OTCMKTS:SOMMY) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.94 earnings per share (EPS) for the quarter. The firm had revenue of $3.97 billion during the quarter. Sumitomo Chemcl had a return on equity of 8.40% and a net margin of 4.01%.

Sumitomo Chemcl Company Profile

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.