Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Should You Sell?

Shares of Sumitomo Chemcl (OTCMKTS:SOMMY) gapped down prior to trading on Monday . The stock had previously closed at $16.00, but opened at $15.17. Sumitomo Chemcl shares last traded at $15.17, with a volume of 2,326 shares trading hands.

Sumitomo Chemcl Price Performance

The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 7.74 and a beta of 0.24. 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 simple moving average of $16.39 and a two-hundred day simple moving average of $15.62.

Sumitomo Chemcl (OTCMKTS:SOMMY) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.94 EPS for the quarter. The company 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.