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

Sumitomo Chemcl (OTCMKTS:SOMMY) gapped up before the market opened on Friday . The stock had previously closed at $15.05, but opened at $16.1075. Sumitomo Chemcl shares last traded at $16.1075, with a volume of 197 shares trading hands.

Sumitomo Chemcl Trading Up 6.3%

The firm has a market cap of $5.31 billion, a PE ratio of 8.16 and a beta of 0.24. 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 stock’s fifty day simple moving average is $16.35 and its two-hundred day simple moving average is $15.59.

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

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.