Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – What’s Next?

Sumitomo Chemcl (OTCMKTS:SOMMY)’s share price gapped down before the market opened on Monday. The stock had previously closed at $16.37, but opened at $15.69. Sumitomo Chemcl shares last traded at $15.3708, with a volume of 382 shares.

Sumitomo Chemcl Price Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.92 and a current ratio of 1.50. The business’s fifty day simple moving average is $18.25 and its 200 day simple moving average is $17.12. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 7.78 and a beta of 0.45.

Sumitomo Chemcl (OTCMKTS:SOMMY) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.80 earnings per share for the quarter. The business had revenue of $3.74 billion during the quarter. Sumitomo Chemcl had a net margin of 4.32% and a return on equity of 7.85%. Research analysts predict that Sumitomo Chemcl will post 1.50 EPS for the current fiscal year.

About Sumitomo Chemcl

Sumitomo Chemical Co., Ltd. is a Japan-based chemical manufacturer with businesses spanning petrochemicals, advanced materials, agricultural products and health-related products. Its offerings include plastics and other basic chemicals, battery and electronic materials, crop-protection products, fertilizers and pharmaceuticals. The company traces its origins to a fertilizer operation established in 1913 to make use of sulfur dioxide generated by copper smelting. It later expanded into a broad range of chemical businesses and adopted the Sumitomo Chemical name in 1944.