Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Up – Should You Buy?

Sumitomo Chemcl (OTCMKTS:SOMMY) shares gapped up prior to trading on Monday . The stock had previously closed at $16.37, but opened at $17.40. Sumitomo Chemcl shares last traded at $17.40, with a volume of 344 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sumitomo Chemcl to a “hold” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sumitomo Chemcl presently has a consensus rating of “Hold”.

Sumitomo Chemcl Stock Performance

The company has a market cap of $5.79 billion, a PE ratio of 8.25 and a beta of 0.34. The stock has a 50 day simple moving average of $16.38 and a two-hundred day simple moving average of $16.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.91.

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.