Sumitomo Chemcl (OTCMKTS:SOMMY) Reaches New 1-Year High – Here’s Why

Sumitomo Chemcl (OTCMKTS:SOMMY) reached a new 52-week high on Wednesday . The stock traded as high as $17.00 and last traded at $17.00, with a volume of 101 shares changing hands. The stock had previously closed at $14.99.

Sumitomo Chemcl Trading Up 5.3%

The company has a 50 day moving average of $14.88 and a 200 day moving average of $14.81. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.00 and a current ratio of 1.69. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 9.83 and a beta of 0.28.

Sumitomo Chemcl (OTCMKTS:SOMMY) last released its earnings results on Tuesday, February 3rd. The company reported $0.94 earnings per share (EPS) for the quarter. The business had revenue of $3.97 billion during the quarter. Sumitomo Chemcl had a net margin of 3.43% and a return on equity of 7.54%.

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.