Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Down 10.3% – Here’s Why

Sumitomo Chemcl (OTCMKTS:SOMMY) shares were down 10.3% during mid-day trading on Tuesday. The company traded as low as $16.0865 and last traded at $16.0865. 219 shares traded hands during trading, a decline of 89% from the average session volume of 1,939 shares. The stock had previously closed at $17.9274.

Sumitomo Chemcl Stock Performance

The company’s fifty day simple moving average is $18.44 and its two-hundred day simple moving average is $17.10. 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 stock has a market capitalization of $5.35 billion, a P/E ratio of 7.62 and a beta of 0.40.

Sumitomo Chemcl (OTCMKTS:SOMMY) last posted its earnings results on Monday, November 2nd. The company reported $0.80 earnings per share for the quarter. The firm had revenue of $3.74 billion for the quarter. Sumitomo Chemcl had a net margin of 4.52% and a return on equity of 8.37%. As a group, equities analysts forecast that Sumitomo Chemcl will post 1.50 EPS for the current year.

Sumitomo Chemcl Company Profile

Sumitomo Chemical Co, Ltd. is a Japan-based diversified chemical company that develops and manufactures products for industrial, agricultural, healthcare and consumer applications. Its portfolio includes petrochemical and basic chemical products, synthetic resins, advanced materials, coatings, additives and other specialty chemicals.

The company also produces materials used in information technology and electronics, including semiconductor-related materials, display materials and other functional components.