Sumitomo Chemcl (OTCMKTS:SOMMY) Sees Strong Trading Volume – Here’s Why

Shares of Sumitomo Chemcl (OTCMKTS:SOMMY) saw unusually-strong trading volume on Monday . Approximately 1,892 shares traded hands 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 Price Performance

The firm’s fifty day simple moving average is $15.19 and its 200 day simple moving average is $15.01. The firm has a market cap of $6.22 billion, a P/E ratio of 9.57 and a beta of 0.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.00 and a current ratio of 1.69.

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

Sumitomo Chemcl Company Profile

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.