Sumitomo Chemical (OTCMKTS:SOMMY) Stock Price Down 3.8%

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY)’s share price was down 3.8% during mid-day trading on Tuesday . The stock traded as low as $13.88 and last traded at $13.88. 3,333 shares changed hands during trading, a decline of 91% from the average daily volume of 38,994 shares. The stock had previously closed at $14.43.

Sumitomo Chemical Stock Performance

The business’s fifty day moving average price is $12.94 and its 200 day moving average price is $11.42. The company has a quick ratio of 0.69, a current ratio of 1.21 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $4.54 billion, a PE ratio of -2.11 and a beta of 0.55.

Sumitomo Chemical (OTCMKTS:SOMMY) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.48 earnings per share for the quarter. Sumitomo Chemical had a negative return on equity of 18.97% and a negative net margin of 10.32%. The company had revenue of $3.93 billion during the quarter.

About Sumitomo Chemical

Sumitomo Chemical Company, Limited engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Essential Chemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and polymethyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.