Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Up – Time to Buy?

Sumitomo Chemcl (OTCMKTS:SOMMY) gapped up before the market opened on Monday . The stock had previously closed at $16.5150, but opened at $17.17. Sumitomo Chemcl shares last traded at $17.17, with a volume of 209 shares.

Analysts Set New Price Targets

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

Sumitomo Chemcl Stock Performance

The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 1.51. The company has a market cap of $5.51 billion, a PE ratio of 13.41 and a beta of 0.33. The company’s 50 day moving average price is $17.35 and its 200-day moving average price is $16.63.

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

About Sumitomo Chemcl

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.