Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Up – Here’s What Happened

Sumitomo Chemcl (OTCMKTS:SOMMY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $14.2850, but opened at $14.7490. Sumitomo Chemcl shares last traded at $14.7490, with a volume of 105 shares changing hands.

Wall Street Analysts Forecast Growth

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

Sumitomo Chemcl Stock Performance

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 50-day moving average is $14.82 and its two-hundred day moving average is $14.29. The stock has a market capitalization of $4.70 billion, a P/E ratio of 8.19 and a beta of 0.26.

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

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.