Sumitomo Chemical (OTCMKTS:SOMMY) Trading Down 2.2% – Here’s What Happened

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) shares fell 2.2% during trading on Wednesday . The stock traded as low as $11.16 and last traded at $11.54. 1,958 shares were traded during trading, a decline of 93% from the average session volume of 29,471 shares. The stock had previously closed at $11.80.

Sumitomo Chemical Stock Down 1.4 %

The firm’s 50-day moving average is $12.88 and its two-hundred day moving average is $12.60. The stock has a market cap of $3.75 billion, a P/E ratio of -2.29 and a beta of 0.52. 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) last released its earnings results on Wednesday, October 30th. The company reported ($0.64) earnings per share for the quarter. Sumitomo Chemical had a negative net margin of 9.83% and a negative return on equity of 19.08%. The company had revenue of $4.23 billion during the quarter.

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.