SUMITOMO CORP/S (OTCMKTS:SSUMY) Shares Cross Below 50 Day Moving Average of $15.02

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SUMITOMO CORP/S (OTCMKTS:SSUMY) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.02 and traded as low as $14.38. SUMITOMO CORP/S shares last traded at $14.43, with a volume of 8,609 shares.

Separately, ValuEngine lowered SUMITOMO CORP/S from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th.

The firm has a fifty day moving average of $15.01 and a two-hundred day moving average of $14.64. The company has a market cap of $17.97 billion, a PE ratio of 6.45 and a beta of 0.90. The company has a current ratio of 1.56, a quick ratio of 1.15 and a debt-to-equity ratio of 0.83.

About SUMITOMO CORP/S (OTCMKTS:SSUMY)

Sumitomo Corporation, together with its subsidiaries, imports, exports, and trades in various goods and commodities worldwide. The company's Metal Products segment provides steel products, including steel sheets and tubular products, as well as non-ferrous metal products, such as aluminum and titanium.

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