Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Up – Still a Buy?

Sumitomo Chemcl (OTCMKTS:SOMMY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $13.8525, but opened at $14.6520. Sumitomo Chemcl shares last traded at $14.6520, with a volume of 294 shares.

Analyst Upgrades and Downgrades

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

Sumitomo Chemcl Price Performance

The stock has a market cap of $4.86 billion, a P/E ratio of 8.47 and a beta of 0.25. The company has a current ratio of 1.69, a quick ratio of 1.00 and a debt-to-equity ratio of 0.84. The company’s fifty day simple moving average is $14.92 and its 200-day simple moving average is $14.17.

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