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Sumitomo (OTCMKTS:SSUMY) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Sumitomo logo with Multi-Sector Conglomerates background

Sumitomo Co. (OTCMKTS:SSUMY - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.78 and traded as low as $20.40. Sumitomo shares last traded at $21.02, with a volume of 77,872 shares trading hands.

Sumitomo Price Performance

The company has a 50 day moving average price of $22.04 and a 200 day moving average price of $23.78. The firm has a market cap of $25.46 billion, a PE ratio of 11.74, a PEG ratio of 0.55 and a beta of 0.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.65 and a quick ratio of 1.17.

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.

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