SUMITOMO CHEM C/ADR (OTCMKTS:SOMMY) Lowered to Hold at Zacks Investment Research

SUMITOMO CHEM C/ADR (OTCMKTS:SOMMY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Sumitomo Chemical Co., Ltd. engages in the manufacture and sale of chemicals. Its operating segments consists of Basic Chemicals, Petrochemicals and Plastics, Information Technology related Chemicals, Health and Crop Sciences, Pharmaceuticals and Others. Basic Chemicals segment produces organic and inorganic chemicals, synthetic fiber raw materials, methyl methacrylate products, alumina products, additives and dyestuffs. Petrochemicals and Plastics segment consists of synthetic resin, rubber and other resin processed products. IT-Related Chemicals segment sells optical products, color filters, semiconductor processing materials, compound semiconductor materials and battery components. Health and Crop Sciences segment distributes fertilizers, pesticides, insecticides, tropical infectious disease control materials and feed additives. Pharmaceuticals segment develops and sells ethical pharmaceuticals, radiopharmaceutical and radiation therapy equipment. Others segment provides supply of electrical power and stea “

Separately, ValuEngine raised shares of SUMITOMO CHEM C/ADR from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Shares of OTCMKTS SOMMY traded down $0.07 during trading on Wednesday, reaching $22.54. The company had a trading volume of 7,102 shares, compared to its average volume of 2,829. SUMITOMO CHEM C/ADR has a 52 week low of $21.11 and a 52 week high of $27.89. The business’s 50 day moving average price is $23.27 and its 200-day moving average price is $22.70. The stock has a market cap of $7.51 billion, a PE ratio of 6.94 and a beta of 1.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 1.28.

About SUMITOMO CHEM C/ADR

Sumitomo Chemical Company, Limited engages in petrochemicals and plastics, energy and functional materials, IT-related, chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Petrochemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and methyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.

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