Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Time to Sell?

Shares of Sumitomo Chemcl (OTCMKTS:SOMMY) gapped down before the market opened on Friday . The stock had previously closed at $14.99, but opened at $14.27. Sumitomo Chemcl shares last traded at $14.27, with a volume of 126 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Sumitomo Chemcl to a “hold” rating in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Sumitomo Chemcl Price Performance

The company has a fifty day simple moving average of $15.20 and a two-hundred day simple moving average of $13.90. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 8.70 and a beta of 0.25. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.89 and a current ratio of 1.56.

Sumitomo Chemcl (OTCMKTS:SOMMY) last issued its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter. The firm had revenue of $3.86 billion for the quarter. Sumitomo Chemcl had a return on equity of 7.72% and a net margin of 3.43%.

About Sumitomo Chemcl

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.