Sumitomo (OTCMKTS:SSUMY) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Sumitomo Co. (OTCMKTS:SSUMY)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.90 and traded as low as $21.48. Sumitomo shares last traded at $21.61, with a volume of 56,636 shares trading hands.

Sumitomo Trading Down 1.0 %

The firm has a market cap of $26.17 billion, a PE ratio of 10.97, a P/E/G ratio of 0.68 and a beta of 0.71. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.24 and a current ratio of 1.77. The company has a 50 day simple moving average of $21.49 and a two-hundred day simple moving average of $21.90.

Sumitomo (OTCMKTS:SSUMY) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $0.89 earnings per share for the quarter. Sumitomo had a net margin of 5.42% and a return on equity of 7.73%. Analysts expect that Sumitomo Co. will post 2.82 EPS for the current fiscal year.

About Sumitomo

Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts.