Sumitomo Chemical (OTCMKTS:SOMMY) Releases Quarterly Earnings Results

Sumitomo Chemical (OTCMKTS:SOMMY - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.71 earnings per share for the quarter, Zacks reports. Sumitomo Chemical had a negative net margin of 9.83% and a negative return on equity of 19.83%.

Sumitomo Chemical Stock Down 2.7 %

Shares of OTCMKTS SOMMY traded down $0.32 during mid-day trading on Thursday, reaching $11.18. 5,053 shares of the company's stock traded hands, compared to its average volume of 13,910. The stock has a market cap of $3.71 billion, a P/E ratio of -2.23 and a beta of 0.53. Sumitomo Chemical has a 1-year low of $9.55 and a 1-year high of $14.99. The business has a 50-day simple moving average of $11.06 and a 200 day simple moving average of $12.66. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 0.75.

Sumitomo Chemical Company Profile

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.