Sumitomo Mitsui Trust (OTCMKTS:SUTNY – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.23 earnings per share for the quarter, Zacks reports.
Sumitomo Mitsui Trust Price Performance
SUTNY traded down $0.03 during mid-day trading on Thursday, reaching $8.24. 61,676 shares of the stock were exchanged, compared to its average volume of 207,225. Sumitomo Mitsui Trust has a 1 year low of $5.05 and a 1 year high of $8.72. The company has a 50 day moving average price of $7.66 and a two-hundred day moving average price of $7.07.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.
About Sumitomo Mitsui Trust
Sumitomo Mitsui Trust Holdings, Inc, known internationally under the ticker OTCMKTS:SUTNY, is Japan’s largest trust banking group, offering a broad array of fiduciary and financial services. Headquartered in Tokyo, the company operates through a network of domestic branches and overseas offices in Asia, Europe and North America to serve institutional investors, corporates and private clients.
The group’s core activities span trust banking, asset management, real estate services and wholesale banking.
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