Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Here’s Why

Shares of Sumitomo Chemcl (OTCMKTS:SOMMYGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $17.17, but opened at $16.4950. Sumitomo Chemcl shares last traded at $16.4950, with a volume of 1,004 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Sumitomo Chemcl to a “hold” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on SOMMY

Sumitomo Chemcl Trading Down 3.9%

The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 13.30 and a beta of 0.33. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 1.51. The company has a 50 day moving average price of $17.34 and a 200 day moving average price of $16.61.

Sumitomo Chemcl (OTCMKTS:SOMMYGet Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.52) earnings per share (EPS) for the quarter. The business had revenue of $3.97 billion for 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. On average, research analysts expect that Sumitomo Chemcl will post 1.5 earnings per share for the current year.

About Sumitomo Chemcl

(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.

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