Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Up – Should You Buy?

Sumitomo Chemcl (OTCMKTS:SOMMY) shares gapped up before the market opened on Friday . The stock had previously closed at $14.60, but opened at $15.22. Sumitomo Chemcl shares last traded at $15.22, with a volume of 222 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Sumitomo Chemcl to a “hold” rating in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sumitomo Chemcl presently has a consensus rating of “Hold”.

Sumitomo Chemcl Price Performance

The stock has a 50 day moving average of $14.81 and a two-hundred day moving average of $14.59. 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 firm has a market capitalization of $5.05 billion, a P/E ratio of 8.80 and a beta of 0.23.

Sumitomo Chemcl (OTCMKTS:SOMMY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 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 for the quarter.

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.