Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY - Get Free Report) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 200 shares, a decrease of 81.8% from the September 15th total of 1,100 shares. Based on an average trading volume of 6,300 shares, the short-interest ratio is presently 0.0 days.
Sumitomo Chemical Stock Down 3.4 %
OTCMKTS:SOMMY traded down $0.49 during midday trading on Thursday, reaching $14.04. 2,238 shares of the stock traded hands, compared to its average volume of 34,529. The business has a 50-day moving average of $14.08 and a two-hundred day moving average of $12.03. The stock has a market capitalization of $4.65 billion, a PE ratio of -2.16 and a beta of 0.54. Sumitomo Chemical has a 12-month low of $9.55 and a 12-month high of $14.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.69 and a current ratio of 1.21.
Sumitomo Chemical (OTCMKTS:SOMMY - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $3.93 billion during the quarter. Sumitomo Chemical had a negative net margin of 10.32% and a negative return on equity of 18.97%.
Sumitomo Chemical Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sumitomo Chemical, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sumitomo Chemical wasn't on the list.
While Sumitomo Chemical currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
