Sumitomo (OTCMKTS:SSUMY) Sets New 1-Year High – What’s Next?

Sumitomo Corp. (OTCMKTS:SSUMY) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $42.1199 and last traded at $40.8415, with a volume of 109153 shares traded. The stock had previously closed at $39.23.

Sumitomo Price Performance

The stock has a market cap of $49.14 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 1.63 and a beta of 0.47. The stock has a fifty day moving average of $34.83 and a 200 day moving average of $30.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.57 and a quick ratio of 1.06.

Sumitomo (OTCMKTS:SSUMY) last announced its quarterly earnings results on Friday, October 31st. The conglomerate reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.13). The company had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.60 billion. Sumitomo had a net margin of 8.34% and a return on equity of 12.31%. On average, analysts expect that Sumitomo Corp. will post 2.82 EPS for the current fiscal year.

Sumitomo Company Profile

Sumitomo Corporation (OTCMKTS: SSUMY) is a global integrated trading and investment company headquartered in Japan. As one of the country’s major sogo shosha (general trading firms), Sumitomo operates a diversified business portfolio that spans trading, project development, equity investments and provision of services to industrial and consumer markets. The company acts as a commercial intermediary and strategic investor, linking producers, manufacturers and end users across international supply chains.

Sumitomo’s business activities cover a wide range of sectors, including metal products and mining, transportation and construction systems, infrastructure and real estate, energy and chemical products, electronics and digital solutions, and consumer goods and food.