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

Sumitomo Chemcl (OTCMKTS:SOMMY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $13.8525, but opened at $14.6520. Sumitomo Chemcl shares last traded at $14.6520, with a volume of 294 shares traded.

Analyst Ratings Changes

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

Sumitomo Chemcl Stock Up 5.8%

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.00 and a current ratio of 1.69. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 8.47 and a beta of 0.25. The business’s 50 day moving average is $14.92 and its 200 day moving average is $14.17.

Sumitomo Chemcl (OTCMKTS:SOMMY) last released its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter. Sumitomo Chemcl had a return on equity of 7.54% and a net margin of 3.43%.The company had revenue of $3.86 billion during the quarter.

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.