Sumitomo Chemcl (OTCMKTS:SOMMY) Sees Unusually-High Trading Volume – Time to Buy?

Sumitomo Chemcl (OTCMKTS:SOMMY) saw unusually-strong trading volume on Monday . Approximately 1,892 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 1,288 shares.The stock last traded at $17.5950 and had previously closed at $17.1250.

Sumitomo Chemcl Stock Up 2.7%

The company has a current ratio of 1.69, a quick ratio of 1.00 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $5.83 billion, a P/E ratio of 8.98 and a beta of 0.28. The stock’s 50-day moving average price is $14.99 and its two-hundred day moving average price is $14.91.

Sumitomo Chemcl (OTCMKTS:SOMMY) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.94 earnings per share for the quarter. The business had revenue of $3.97 billion during the quarter. Sumitomo Chemcl had a return on equity of 8.61% and a net margin of 4.01%.

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.