Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Up – Here’s What Happened

Sumitomo Chemcl (OTCMKTS:SOMMY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $14.6150, but opened at $15.27. Sumitomo Chemcl shares last traded at $15.20, with a volume of 534 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sumitomo Chemcl to a “hold” rating in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Sumitomo Chemcl Price Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 1.00. The stock has a 50 day moving average price of $14.71 and a 200-day moving average price of $14.48. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 8.88 and a beta of 0.23.

Sumitomo Chemcl (OTCMKTS:SOMMY) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 EPS for the quarter. Sumitomo Chemcl had a return on equity of 7.54% and a net margin of 3.43%.The firm had revenue of $3.86 billion during 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.