Sumitomo Chemical (OTCMKTS:SOMMY) Issues Quarterly Earnings Results

Sumitomo Chemical (OTCMKTS:SOMMY) released its quarterly earnings results on Wednesday. The company reported $0.20 earnings per share for the quarter, Zacks reports. The firm had revenue of $4.60 billion for the quarter. Sumitomo Chemical had a negative return on equity of 15.28% and a negative net margin of 7.00%.

Sumitomo Chemical Price Performance

OTCMKTS SOMMY opened at $11.91 on Friday. The business’s fifty day moving average price is $11.68 and its 200-day moving average price is $11.58. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of -3.30 and a beta of 0.29. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 0.75. Sumitomo Chemical has a 1-year low of $9.55 and a 1-year high of $14.99.

About Sumitomo Chemical

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.