Sumitomo Chemical (OTCMKTS:SOMMY) Issues Quarterly Earnings Results

Sumitomo Chemical (OTCMKTS:SOMMY) posted its quarterly earnings results on Wednesday. The company reported $0.20 earnings per share for the quarter, Zacks reports. The firm had revenue of $4.60 billion during the quarter. Sumitomo Chemical had a negative net margin of 7.00% and a negative return on equity of 15.28%.

Sumitomo Chemical Price Performance

OTCMKTS SOMMY opened at $11.91 on Friday. The firm’s fifty day simple moving average is $11.68 and its two-hundred day simple moving average is $11.58. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. Sumitomo Chemical has a 12-month low of $9.55 and a 12-month high of $14.99. The firm has a market capitalization of $3.95 billion, a P/E ratio of -3.30 and a beta of 0.29.

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.