Sumitomo Chemcl (OTCMKTS:SOMMY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Sumitomo Chemcl (OTCMKTS:SOMMY) to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Sumitomo Chemcl Stock Up 2.6%

Shares of OTCMKTS SOMMY opened at $16.50 on Wednesday. The company’s 50 day moving average price is $17.21 and its 200-day moving average price is $16.42. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 1.51. Sumitomo Chemcl has a 52-week low of $11.82 and a 52-week high of $20.60. The company has a market capitalization of $5.47 billion, a P/E ratio of 13.31 and a beta of 0.33.

Sumitomo Chemcl (OTCMKTS:SOMMY) last released its earnings results on Thursday, May 14th. The company reported ($0.52) earnings per share (EPS) for the quarter. The firm had revenue of $3.97 billion during the quarter. Sumitomo Chemcl had a net margin of 2.65% and a return on equity of 5.16%. Sumitomo Chemcl has set its FY 2026 guidance at 1.350-1.350 EPS. Equities analysts forecast that Sumitomo Chemcl will post 1.5 earnings per share for the current year.

Sumitomo Chemcl Company Profile

Sumitomo Chemical Co, Ltd. is a diversified chemical company headquartered in Tokyo, Japan. Established in 1913 as part of the historic Sumitomo Group, the company has grown into a global industry leader, operating across multiple chemical and material science industries. It is listed in Japan’s premier equity markets and is available to U.S. investors via its American depositary receipts trading under the ticker SOMMY on the OTCMKTS exchange.

The company’s operations are organized into several core business segments, including petrochemicals, energy and functional materials, IT‐related chemicals, living materials, and health & crop sciences.