Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Here’s Why

Sumitomo Chemcl (OTCMKTS:SOMMY) shares gapped down before the market opened on Monday . The stock had previously closed at $20.00, but opened at $17.75. Sumitomo Chemcl shares last traded at $17.75, with a volume of 368 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Sumitomo Chemcl to a “hold” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Sumitomo Chemcl Stock Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.50 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $16.99 and its two-hundred day simple moving average is $16.85. The stock has a market cap of $5.90 billion, a P/E ratio of 8.41 and a beta of 0.37.

About Sumitomo Chemcl

Sumitomo Chemical Co, Ltd. is a Japan-based diversified chemical company that develops and manufactures products for a broad range of industries. Its businesses include petrochemicals and plastics, synthetic resins, industrial chemicals, coatings, and functional materials used in manufacturing and consumer applications.

The company also supplies materials for information and communications technology, including semiconductor-related and display materials, as well as agricultural chemicals, crop protection products, and household insect-control products.