Sumitomo (OTCMKTS:SSUMY) Shares Cross Above Fifty Day Moving Average of $24.00

Sumitomo Co. (OTCMKTS:SSUMY)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 traded.

Sumitomo Stock Up 1.5 %

The firm has a fifty day simple moving average of $24.09 and a 200 day simple moving average of $22.37. 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 company has a market cap of $30.72 billion, a PE 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 earnings per share (EPS) for the quarter. Sumitomo had a net margin of 7.41% and a return on equity of 12.25%. The business had revenue of $13.48 billion for the quarter. Equities research analysts predict that Sumitomo Co. will post 2.57 EPS for the current year.

About Sumitomo

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.