Sumitomo (OTCMKTS:SSUMY) Stock Crosses Above Fifty Day Moving Average of $24.00

Sumitomo Co. (OTCMKTS:SSUMY)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $24.00 and traded as high as $25.02. Sumitomo shares last traded at $24.65, with a volume of 13,949 shares.

Sumitomo Stock Up 1.5 %

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.18 and a current ratio of 1.63. The stock’s fifty day simple moving average is $24.09 and its two-hundred day simple moving average is $22.37. The company has a market capitalization of $30.72 billion, a price-to-earnings ratio of 8.52 and a beta of 0.75.

Sumitomo (OTCMKTS:SSUMY) last released its earnings results on Monday, February 5th. The conglomerate reported $0.69 EPS for the quarter. The business had revenue of $13.48 billion during the quarter. Sumitomo had a net margin of 7.41% and a return on equity of 12.25%. On average, sell-side analysts anticipate that Sumitomo Co. will post 2.57 EPS for the current year.

Sumitomo Company Profile

Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts.