Sumitomo Mitsui Trust (OTCMKTS:SUTNY) Sets New 52-Week High – Here’s What Happened

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $5.8244 and last traded at $5.7950, with a volume of 3798 shares trading hands. The stock had previously closed at $5.63.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Sumitomo Mitsui Trust Price Performance

The business has a 50-day moving average price of $6.66 and a two-hundred day moving average price of $6.82. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 3.72. The company has a market capitalization of $32.65 billion and a price-to-earnings ratio of 13.54.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $1.33 billion. Sumitomo Mitsui Trust had a net margin of 11.81% and a return on equity of 10.45%. As a group, research analysts anticipate that Sumitomo Mitsui Trust Holdings, Inc. will post 0.46 EPS for the current year.

Sumitomo Mitsui Trust Company Profile

Sumitomo Mitsui Trust Group, Inc, formerly known as Sumitomo Mitsui Trust Holdings, Inc, is a Japan-based financial holding company and the parent of Sumitomo Mitsui Trust Bank. The group provides trust banking, commercial banking, asset management, asset administration and investment services to individuals, corporations, institutional investors and public-sector customers.

Its businesses include deposits and lending, investment trusts, pensions, securities investment and custody services, real estate-related services, stock transfer agency services and inheritance-related support.