Sumitomo Chemcl (OTCMKTS:SOMMY) Upgraded by Zacks Research to Hold Rating

Sumitomo Chemcl (OTCMKTS:SOMMY) was upgraded by analysts at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Sumitomo Chemcl Stock Up 2.6%

Shares of SOMMY opened at $16.50 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.91. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 13.31 and a beta of 0.33. Sumitomo Chemcl has a 1 year low of $11.82 and a 1 year high of $20.60. The business’s 50 day simple moving average is $17.21 and its 200-day simple moving average is $16.42.

Sumitomo Chemcl (OTCMKTS:SOMMY) last posted its earnings results on Thursday, May 14th. The company reported ($0.52) earnings per share for the quarter. Sumitomo Chemcl had a net margin of 2.65% and a return on equity of 5.16%. The business had revenue of $3.97 billion during the quarter. Sumitomo Chemcl has set its FY 2026 guidance at 1.350-1.350 EPS. As a group, equities analysts expect that Sumitomo Chemcl will post 1.5 earnings per share for the current fiscal year.

Sumitomo Chemcl Company Profile

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.