Sumitomo Chemical (OTCMKTS:SOMMY) Shares Down 2.2% – Here’s What Happened

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY)’s stock price fell 2.2% during mid-day trading on Wednesday . The company traded as low as $11.16 and last traded at $11.54. 1,958 shares changed hands during trading, a decline of 93% from the average session volume of 29,471 shares. The stock had previously closed at $11.80.

Sumitomo Chemical Stock Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.69 and a current ratio of 1.21. The stock has a 50-day moving average of $12.88 and a 200-day moving average of $12.60. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of -2.29 and a beta of 0.52.

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