Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 1,100 shares, a drop of 78.0% from the August 31st total of 5,000 shares. Based on an average daily volume of 8,800 shares, the short-interest ratio is currently 0.1 days.
Sumitomo Chemical Trading Up 0.9 %
Shares of SOMMY stock traded up $0.13 on Friday, hitting $14.45. 2,327 shares of the stock traded hands, compared to its average volume of 4,192. Sumitomo Chemical has a 52 week low of $9.55 and a 52 week high of $14.99. The firm has a 50 day simple moving average of $13.70 and a two-hundred day simple moving average of $11.81. The company has a quick ratio of 0.69, a current ratio of 1.21 and a debt-to-equity ratio of 0.78.
Sumitomo Chemical (OTCMKTS:SOMMY – Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter. The company had revenue of $3.93 billion for the quarter. Sumitomo Chemical had a negative net margin of 10.32% and a negative return on equity of 18.97%.
Sumitomo Chemical Company Profile
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.
Recommended Stories
- Five stocks we like better than Sumitomo Chemical
- P/E Ratio Calculation: How to Assess Stocks
- Can Costco Stock Hit New Highs as Interest Rates Drop?
- What is Insider Trading? What You Can Learn from Insider Trading
- These 3 Stocks Show How to Navigate Declining Consumer Confidence
- Where to Find Earnings Call Transcripts
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
Receive News & Ratings for Sumitomo Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sumitomo Chemical and related companies with MarketBeat.com's FREE daily email newsletter.