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

Shares of Sumitomo Chemcl (OTCMKTS:SOMMY) gapped up prior to trading on Wednesday . The stock had previously closed at $14.6150, but opened at $15.27. Sumitomo Chemcl shares last traded at $15.20, with a volume of 534 shares trading hands.

Analyst Ratings Changes

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

Sumitomo Chemcl Stock Performance

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’s 50-day moving average price is $14.71 and its two-hundred day moving average price is $14.48. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 8.88 and a beta of 0.23.

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

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.