SUMITOMO CORP/S (OTCMKTS:SSUMY) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 25,200 shares, a decline of 37.0% from the August 15th total of 40,000 shares. Based on an average daily trading volume, of 70,400 shares, the short-interest ratio is presently 0.4 days.

Shares of OTCMKTS SSUMY opened at $12.70 on Wednesday. The firm’s 50 day moving average price is $12.22 and its 200-day moving average price is $11.86. SUMITOMO CORP/S has a 52-week low of $10.00 and a 52-week high of $16.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.13 and a current ratio of 1.54. The company has a market cap of $15.95 billion, a PE ratio of 34.31, a P/E/G ratio of 1.26 and a beta of 0.80.

SUMITOMO CORP/S (OTCMKTS:SSUMY) last released its quarterly earnings data on Friday, August 7th. The conglomerate reported ($0.31) EPS for the quarter. The business had revenue of $9.77 billion during the quarter. SUMITOMO CORP/S had a return on equity of 1.77% and a net margin of 0.99%. On average, analysts forecast that SUMITOMO CORP/S will post 1.11 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of SUMITOMO CORP/S from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Mizuho raised SUMITOMO CORP/S from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 20th. Finally, ValuEngine raised shares of SUMITOMO CORP/S from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd.

SUMITOMO CORP/S Company Profile

Sumitomo Corporation, together with its subsidiaries, imports, exports, and trades in various goods and commodities worldwide. The company's Metal Products segment provides steel products, including steel sheets and tubular products, as well as non-ferrous metal products, such as aluminum and titanium.

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