Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Down – Time to Sell?

Sumitomo Chemcl (OTCMKTS:SOMMY)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $19.05, but opened at $18.3350. Sumitomo Chemcl shares last traded at $18.3350, with a volume of 226 shares trading hands.

Analyst Upgrades and Downgrades

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

Sumitomo Chemcl Stock Down 1.8%

The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 8.69 and a beta of 0.40. The business’s 50 day moving average is $17.73 and its 200-day moving average is $17.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.92 and a current ratio of 1.50.

About Sumitomo Chemcl

Sumitomo Chemical Co, Ltd. is a Japan-based diversified chemical company that develops and manufactures products for a broad range of industries. Its activities include essential chemicals and plastics, energy and functional materials, information technology-related chemicals, health and crop sciences, and pharmaceuticals.

The company’s products and technologies support applications such as automotive materials, industrial chemicals, semiconductor and display components, battery-related materials, agricultural chemicals, household insecticides, pharmaceuticals, and other healthcare products.