Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Here’s Why

Sumitomo Chemcl (OTCMKTS:SOMMY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $19.50, but opened at $18.30. Sumitomo Chemcl shares last traded at $18.30, with a volume of 105 shares trading hands.

Sumitomo Chemcl Stock Down 6.2%

The company has a market cap of $6.07 billion, a price-to-earnings ratio of 14.76 and a beta of 0.26. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 0.92. The firm has a 50-day moving average price of $16.34 and a 200 day moving average price of $15.85.

Sumitomo Chemcl (OTCMKTS:SOMMY) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.52) earnings per share (EPS) for the quarter. The company had revenue of $3.97 billion for the quarter. Sumitomo Chemcl had a return on equity of 5.21% and a net margin of 2.65%.Sumitomo Chemcl has set its FY 2026 guidance at 1.350-1.350 EPS. Sell-side analysts predict that Sumitomo Chemcl will post 1.35 EPS for the current year.

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.