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

Sumitomo Co. (OTCMKTS:SSUMY)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Sumitomo Stock Performance

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

Sumitomo (OTCMKTS:SSUMY) last issued its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $0.64 earnings per share for the quarter. Sumitomo had a net margin of 5.46% and a return on equity of 8.04%. The business had revenue of $11.01 billion during the quarter. Analysts forecast 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.