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

Shares of Sumitomo Chemcl (OTCMKTS:SOMMY) gapped down prior to trading on Monday. The stock had previously closed at $18.36, but opened at $16.17. Sumitomo Chemcl shares last traded at $16.17, with a volume of 3,405 shares trading hands.

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 company has a 50 day simple moving average of $18.46 and a 200-day simple moving average of $17.09. The stock has a market cap of $5.38 billion, a P/E ratio of 7.66 and a beta of 0.45.

Sumitomo Chemcl (OTCMKTS:SOMMY) last posted its earnings results on Monday, November 2nd. The company reported $0.80 EPS for the quarter. Sumitomo Chemcl had a net margin of 4.52% and a return on equity of 8.37%. On average, equities analysts expect that Sumitomo Chemcl will post 1.50 earnings per share for the current fiscal year.

About Sumitomo Chemcl

Sumitomo Chemical Co, Ltd. is a Japan-based diversified chemical company that develops and manufactures products for industrial, agricultural, healthcare and consumer applications. Its portfolio includes petrochemical and basic chemical products, synthetic resins, advanced materials, coatings, additives and other specialty chemicals.

The company also produces materials used in information technology and electronics, including semiconductor-related materials, display materials and other functional components.