Zacks Research Upgrades Sumitomo Chemcl (OTCMKTS:SOMMY) to “Hold”

Sumitomo Chemcl (OTCMKTS:SOMMYGet Free Report) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Sumitomo Chemcl Stock Performance

SOMMY stock opened at $16.50 on Wednesday. Sumitomo Chemcl has a twelve month low of $11.82 and a twelve month high of $20.60. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 13.31 and a beta of 0.33. The business’s fifty day simple moving average is $17.21 and its two-hundred day simple moving average is $16.42. The company has a quick ratio of 0.91, a current ratio of 1.51 and a debt-to-equity ratio of 0.74.

Sumitomo Chemcl (OTCMKTS:SOMMYGet Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.52) EPS for the quarter. The company had revenue of $3.97 billion during the quarter. Sumitomo Chemcl had a return on equity of 5.16% and a net margin of 2.65%.Sumitomo Chemcl has set its FY 2026 guidance at 1.350-1.350 EPS. Analysts predict that Sumitomo Chemcl will post 1.5 earnings per share for the current year.

Sumitomo Chemcl Company Profile

(Get Free Report)

Sumitomo Chemical Co, Ltd. is a diversified chemical company headquartered in Tokyo, Japan. Established in 1913 as part of the historic Sumitomo Group, the company has grown into a global industry leader, operating across multiple chemical and material science industries. It is listed in Japan’s premier equity markets and is available to U.S. investors via its American depositary receipts trading under the ticker SOMMY on the OTCMKTS exchange.

The company’s operations are organized into several core business segments, including petrochemicals, energy and functional materials, IT‐related chemicals, living materials, and health & crop sciences.

Further Reading

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