Free Trial

Sumitomo (OTCMKTS:SSUMY) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Sumitomo logo with Multi-Sector Conglomerates background

Sumitomo Co. (OTCMKTS:SSUMY - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.42 and traded as low as $20.67. Sumitomo shares last traded at $20.73, with a volume of 62,585 shares traded.

Sumitomo Price Performance

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.65. The business has a 50 day simple moving average of $21.30 and a 200-day simple moving average of $22.38. The firm has a market cap of $25.11 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 0.62 and a beta of 0.71.

Sumitomo Company Profile

(Get Free Report)

Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts.

Recommended Stories

Should You Invest $1,000 in Sumitomo Right Now?

Before you consider Sumitomo, 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 wasn't on the list.

While Sumitomo currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2024 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

7 Large-Cap Stocks Headed for Strong, Steady Gains in 2025

7 Large-Cap Stocks Headed for Strong, Steady Gains in 2025

While 2025 may not deliver massive returns, so MarketBeat analyst Chris Markoch shares his list of seven stocks primed for consistent performance.

Related Videos

The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Small Caps, Financials & Bitcoin Lead the Rising Bull Market: Chris Rowe’s Top Picks
Massive Market Moves Following Trump Win: Tesla, JP Morgan, & Bitcoin Soar

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines