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

Sumitomo Chemcl (OTCMKTS:SOMMY) gapped down prior to trading on Thursday . The stock had previously closed at $14.8509, but opened at $14.11. Sumitomo Chemcl shares last traded at $14.11, with a volume of 161 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Sumitomo Chemcl to a “hold” rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sumitomo Chemcl currently has a consensus rating of “Hold”.

Sumitomo Chemcl Trading Down 0.4%

The stock has a market cap of $4.68 billion, a P/E ratio of 8.16 and a beta of 0.26. The stock’s 50-day moving average is $14.99 and its two-hundred day moving average is $14.11. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 1.00.

Sumitomo Chemcl (OTCMKTS:SOMMY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter. Sumitomo Chemcl had a net margin of 3.43% and a return on equity of 7.54%. The business had revenue of $3.86 billion for the quarter.

About Sumitomo Chemcl

Sumitomo Chemical Company, Limited engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Essential Chemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and polymethyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.