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

Sumitomo Chemcl (OTCMKTS:SOMMY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $16.00, but opened at $15.17. Sumitomo Chemcl shares last traded at $15.17, with a volume of 2,326 shares.

Sumitomo Chemcl Stock Down 5.2%

The stock’s fifty day moving average price is $16.39 and its 200-day moving average price is $15.62. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 7.74 and a beta of 0.24.

Sumitomo Chemcl (OTCMKTS:SOMMY) last announced its earnings results on Tuesday, February 3rd. The company reported $0.94 EPS for the quarter. Sumitomo Chemcl had a net margin of 4.01% and a return on equity of 8.40%. The business had revenue of $3.97 billion during the quarter.

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.