Sumitomo Mitsui Trust (OTCMKTS:SUTNY) Hits New 12-Month High – Here’s What Happened

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNYGet Free Report) reached a new 52-week high on Thursday . The company traded as high as $5.79 and last traded at $5.77, with a volume of 7226 shares trading hands. The stock had previously closed at $5.55.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Read Our Latest Analysis on Sumitomo Mitsui Trust

Sumitomo Mitsui Trust Stock Up 0.9%

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 3.72. The business has a 50-day simple moving average of $6.81 and a two-hundred day simple moving average of $6.87. The stock has a market capitalization of $32.42 billion and a P/E ratio of 13.45.

Sumitomo Mitsui Trust (OTCMKTS:SUTNYGet Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter. Sumitomo Mitsui Trust had a return on equity of 10.45% and a net margin of 11.81%.The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Equities research analysts forecast that Sumitomo Mitsui Trust Holdings, Inc. will post 0.46 earnings per share for the current fiscal year.

Sumitomo Mitsui Trust Company Profile

(Get Free Report)

Sumitomo Mitsui Trust Holdings, Inc, known internationally under the ticker OTCMKTS:SUTNY, is Japan’s largest trust banking group, offering a broad array of fiduciary and financial services. Headquartered in Tokyo, the company operates through a network of domestic branches and overseas offices in Asia, Europe and North America to serve institutional investors, corporates and private clients.

The group’s core activities span trust banking, asset management, real estate services and wholesale banking.

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