Sumitomo (OTCMKTS:SSUMY – Get Free Report) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.
Sumitomo Trading Down 3.7%
Shares of OTCMKTS SSUMY opened at $38.10 on Wednesday. Sumitomo has a 1-year low of $19.18 and a 1-year high of $42.52. The business has a fifty day moving average price of $36.18 and a 200 day moving average price of $31.44. The stock has a market capitalization of $45.84 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 1.47 and a beta of 0.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.57 and a quick ratio of 1.06.
About Sumitomo
Sumitomo Corporation (OTCMKTS: SSUMY) is a global integrated trading and investment company headquartered in Japan. As one of the country’s major sogo shosha (general trading firms), Sumitomo operates a diversified business portfolio that spans trading, project development, equity investments and provision of services to industrial and consumer markets. The company acts as a commercial intermediary and strategic investor, linking producers, manufacturers and end users across international supply chains.
Sumitomo’s business activities cover a wide range of sectors, including metal products and mining, transportation and construction systems, infrastructure and real estate, energy and chemical products, electronics and digital solutions, and consumer goods and food.
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