Sumitomo (OTCMKTS:SSUMY) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Sumitomo Co. (OTCMKTS:SSUMY)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.42 and traded as low as $20.67. Sumitomo shares last traded at $20.73, with a volume of 62,585 shares traded.

Sumitomo Price Performance

The stock has a market capitalization of $25.43 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.62 and a beta of 0.71. The stock’s 50 day moving average price is $21.30 and its 200-day moving average price is $22.35. The company has a quick ratio of 1.17, a current ratio of 1.65 and a debt-to-equity ratio of 0.52.

Sumitomo (OTCMKTS:SSUMY) last issued its earnings results on Thursday, October 31st. The conglomerate reported $0.71 EPS for the quarter. The business had revenue of $11.74 billion for the quarter. Sumitomo had a net margin of 4.97% and a return on equity of 7.38%. As a group, equities analysts forecast that Sumitomo Co. will post 2.95 EPS for the current year.

Sumitomo Company Profile

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.