Shares of Sumitomo Corp. (OTCMKTS:SSUMY – Get Free Report) were down 4.8% on Thursday . The company traded as low as $37.50 and last traded at $37.50. 841 shares were traded during trading, a decline of 99% from the average daily volume of 98,476 shares. The stock had previously closed at $39.38.
Sumitomo Price Performance
The company’s fifty day moving average is $42.10 and its two-hundred day moving average is $39.64. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $46.61 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.51 and a beta of 0.58.
Sumitomo (OTCMKTS:SSUMY – Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The conglomerate reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $14.01 billion. Sumitomo had a return on equity of 12.21% and a net margin of 8.19%. Equities research analysts anticipate that Sumitomo Corp. will post 3.41 earnings per share 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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