Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Time to Sell?

Sumitomo Chemcl (OTCMKTS:SOMMY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $20.50, but opened at $18.20. Sumitomo Chemcl shares last traded at $18.1950, with a volume of 1,774 shares.

Sumitomo Chemcl Stock Down 11.2%

The company has a market cap of $6.03 billion, a P/E ratio of 9.28 and a beta of 0.28. The company’s 50-day moving average is $15.73 and its two-hundred day moving average is $15.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.00.

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

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.