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

Shares of Sumitomo Chemcl (OTCMKTS:SOMMY) gapped up before the market opened 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 trading hands.

Analyst Upgrades and Downgrades

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

Sumitomo Chemcl Stock Performance

The stock has a market cap of $5.78 billion, a P/E ratio of 8.24 and a beta of 0.34. The business has a 50 day moving average price of $16.40 and a 200 day moving average price of $16.81. The company has a quick ratio of 0.91, a current ratio of 1.51 and a debt-to-equity ratio of 0.74.

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.