Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Gap Up – Here’s Why

Sumitomo Chemcl (OTCMKTS:SOMMY) shares gapped up before the market opened on Friday . The stock had previously closed at $17.37, but opened at $19.05. Sumitomo Chemcl shares last traded at $19.05, with a volume of 976 shares changing hands.

Sumitomo Chemcl Stock Up 12.8%

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 0.92. The business’s 50 day moving average price is $16.18 and its 200 day moving average price is $15.79. The firm has a market cap of $6.50 billion, a PE ratio of 15.80 and a beta of 0.26.

Sumitomo Chemcl (OTCMKTS:SOMMY) last issued its quarterly 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 5.21%. The company had revenue of $3.97 billion during the quarter. Sumitomo Chemcl has set its FY 2026 guidance at 1.350-1.350 EPS.

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.