Sumitomo (OTCMKTS:SSUMY) Stock Crosses Above 50 Day Moving Average of $16.21

Sumitomo Co. (OTCMKTS:SSUMYGet Rating)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.21 and traded as high as $17.09. Sumitomo shares last traded at $17.09, with a volume of 16,042 shares changing hands.

Sumitomo Price Performance

The company has a current ratio of 1.58, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. The company’s fifty day moving average is $16.21 and its two-hundred day moving average is $14.46. The stock has a market cap of $21.39 billion, a price-to-earnings ratio of 4.88, a P/E/G ratio of 1.10 and a beta of 0.73.

Sumitomo (OTCMKTS:SSUMYGet Rating) last posted its earnings results on Friday, November 4th. The conglomerate reported $1.08 earnings per share for the quarter. Sumitomo had a net margin of 8.93% and a return on equity of 15.18%. The firm had revenue of $11.26 billion during the quarter. As a group, research analysts predict that Sumitomo Co. will post 3.28 earnings per share for the current year.

About Sumitomo

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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.

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