Sumitomo Chemical (OTCMKTS:SOMMY) Trading 0.1% Higher – What’s Next?

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) rose 0.1% during trading on Wednesday . The stock traded as high as $11.01 and last traded at $10.96. Approximately 13,175 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 28,654 shares. The stock had previously closed at $10.95.

Sumitomo Chemical Stock Up 0.1 %

The company has a market cap of $3.63 billion, a PE ratio of -2.19 and a beta of 0.52. The business has a fifty day simple moving average of $12.05 and a two-hundred day simple moving average of $12.70. The company has a current ratio of 1.21, a quick ratio of 0.69 and a debt-to-equity ratio of 0.78.

Sumitomo Chemical (OTCMKTS:SOMMY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.64) earnings per share for the quarter. The business had revenue of $4.23 billion for the quarter. Sumitomo Chemical had a negative return on equity of 19.08% and a negative net margin of 9.83%.

About Sumitomo Chemical

Sumitomo Chemical Company, Limited engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Essential Chemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and polymethyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.