Sumitomo (OTCMKTS:SSUMY) Shares Pass Below 200 Day Moving Average of $24.65

Sumitomo Co. (OTCMKTS:SSUMY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.65 and traded as low as $22.90. Sumitomo shares last traded at $23.04, with a volume of 58,225 shares traded.

Sumitomo Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.63 and a quick ratio of 1.18. The company has a market cap of $26.99 billion, a PE ratio of 10.56, a PEG ratio of 0.47 and a beta of 0.71. The stock’s 50-day moving average is $23.88 and its 200 day moving average is $24.64.

Sumitomo (OTCMKTS:SSUMY) last released its earnings results on Wednesday, July 31st. The conglomerate reported $0.64 earnings per share for the quarter. The company had revenue of $11.01 billion for the quarter. Sumitomo had a net margin of 5.46% and a return on equity of 8.04%. On average, equities analysts anticipate that Sumitomo Co. will post 2.9 earnings per share for the current fiscal 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.