Sumitomo Corp. (OTCMKTS:SSUMY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $39.36, but opened at $41.31. Sumitomo shares last traded at $39.72, with a volume of 1,124 shares traded.
Sumitomo Stock Down 2.5%
The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.38. The stock has a market cap of $45.89 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.51 and a beta of 0.58. The firm’s 50-day simple moving average is $42.10 and its two-hundred day simple moving average is $39.64.
Sumitomo (OTCMKTS:SSUMY – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The conglomerate reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. Sumitomo had a net margin of 8.19% and a return on equity of 12.21%. The business had revenue of $12.48 billion during the quarter, compared to analyst estimates of $14.01 billion. On average, sell-side analysts expect that Sumitomo Corp. will post 3.41 EPS for the current fiscal year.
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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