Sumitomo Chemical (OTCMKTS:SOMMY) Shares Down 1.1% – Should You Sell?

Shares of Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) were down 1.1% during mid-day trading on Wednesday . The stock traded as low as $11.68 and last traded at $12.10. Approximately 4,407 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 30,801 shares. The stock had previously closed at $12.23.

Sumitomo Chemical Stock Down 1.0 %

The firm’s 50-day simple moving average is $13.53 and its 200 day simple moving average is $12.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.69 and a current ratio of 1.21. The stock has a market capitalization of $3.99 billion, a P/E ratio of -2.43 and a beta of 0.55.

Sumitomo Chemical (OTCMKTS:SOMMY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.64) earnings per share for the quarter. Sumitomo Chemical had a negative net margin of 9.83% and a negative return on equity of 19.08%. The company had revenue of $4.23 billion during the quarter.

Sumitomo Chemical Company Profile

Sumitomo Chemical Company, Limited engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Essential Chemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and polymethyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.