Sumitomo Chemcl (OTCMKTS:SOMMY) Releases Earnings Results

Sumitomo Chemcl (OTCMKTS:SOMMY) issued its quarterly earnings results on Tuesday. The company reported $0.94 earnings per share for the quarter, Zacks reports. Sumitomo Chemcl had a return on equity of 7.54% and a net margin of 3.43%.

Sumitomo Chemcl Stock Down 4.3%

Shares of OTCMKTS:SOMMY opened at $14.99 on Tuesday. The firm has a 50 day simple moving average of $14.86 and a 200 day simple moving average of $14.78. Sumitomo Chemcl has a 52 week low of $9.95 and a 52 week high of $16.85. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.00 and a current ratio of 1.69. The company has a market cap of $4.97 billion, a PE ratio of 8.66 and a beta of 0.28.

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.