Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Time to Sell?

Sumitomo Chemcl (OTCMKTS:SOMMY) gapped down prior to trading on Monday . The stock had previously closed at $18.41, but opened at $17.1375. Sumitomo Chemcl shares last traded at $17.1375, with a volume of 132 shares trading hands.

Sumitomo Chemcl Stock Down 6.9%

The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.92 and a current ratio of 1.57. The business has a 50-day simple moving average of $16.12 and a two-hundred day simple moving average of $15.49. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 8.74 and a beta of 0.28.

Sumitomo Chemcl (OTCMKTS:SOMMY) last released its earnings results on Tuesday, February 3rd. The company reported $0.94 earnings per share (EPS) for the quarter. The company had revenue of $3.97 billion for the quarter. Sumitomo Chemcl had a return on equity of 8.40% 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.