Sumitomo Chemcl (OTCMKTS:SOMMY) Releases Earnings Results

Sumitomo Chemcl (OTCMKTS:SOMMY) announced its earnings results on Tuesday. The company reported $0.92 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $3.86 billion during the quarter. Sumitomo Chemcl had a net margin of 0.35% and a return on equity of 0.80%.

Sumitomo Chemcl Trading Up 0.4%

Shares of Sumitomo Chemcl stock opened at $14.41 on Thursday. Sumitomo Chemcl has a 52-week low of $9.95 and a 52-week high of $16.85. The stock’s 50-day simple moving average is $15.59 and its 200 day simple moving average is $13.47. The stock has a market capitalization of $4.78 billion, a P/E ratio of 84.74 and a beta of 0.28. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.89 and a current ratio of 1.56.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Sumitomo Chemcl to a “hold” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Sumitomo Chemcl Company Profile

Sumitomo Chemical Company, Limited engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Essential Chemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and polymethyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.