Sumitomo Chemical (OTCMKTS:SOMMY) Stock Price Down 1.1% – Should You Sell?

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) was down 1.1% on Wednesday . The company traded as low as $11.68 and last traded at $12.10. Approximately 4,407 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 30,801 shares. The stock had previously closed at $12.23.

Sumitomo Chemical Price Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.21 and a quick ratio of 0.69. The stock has a market cap of $4.01 billion, a PE ratio of -2.42 and a beta of 0.55. The firm has a 50-day moving average of $13.59 and a 200-day moving average of $12.46.

Sumitomo Chemical (OTCMKTS:SOMMY) last released its earnings results on Wednesday, October 30th. The company reported ($0.64) EPS for the quarter. The company had revenue of $4.23 billion during the quarter. Sumitomo Chemical had a negative return on equity of 19.08% and a negative net margin of 9.83%.

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.