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

Sumitomo Chemcl (OTCMKTS:SOMMY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $17.86, but opened at $16.75. Sumitomo Chemcl shares last traded at $17.3050, with a volume of 1,498 shares traded.

Sumitomo Chemcl Stock Down 3.1%

The stock has a 50-day moving average price of $17.16 and a 200-day moving average price of $16.21. The company has a market capitalization of $5.74 billion, a P/E ratio of 13.96 and a beta of 0.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 0.92.

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

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.