SUMITOMO CORP/S (OTCMKTS:SSUMY) Share Price Crosses Above Fifty Day Moving Average of $15.16

SUMITOMO CORP/S (OTCMKTS:SSUMY) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $15.16 and traded as high as $14.67. SUMITOMO CORP/S shares last traded at $14.67, with a volume of 7,052 shares changing hands.

Separately, ValuEngine upgraded SUMITOMO CORP/S from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th.

The company has a current ratio of 1.56, a quick ratio of 1.15 and a debt-to-equity ratio of 0.83. The company has a market cap of $18.56 billion, a P/E ratio of 6.43 and a beta of 0.90. The firm has a 50-day simple moving average of $15.16.

SUMITOMO CORP/S (OTCMKTS:SSUMY) last issued its quarterly earnings results on Thursday, May 9th. The conglomerate reported $0.58 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.58. SUMITOMO CORP/S had a return on equity of 11.20% and a net margin of 6.01%. The company had revenue of $13.68 billion for the quarter.

About SUMITOMO CORP/S (OTCMKTS:SSUMY)

Sumitomo Corporation, together with its subsidiaries, imports, exports, and trades in various goods and commodities worldwide. The company's Metal Products segment provides steel products, including steel sheets and tubular products, as well as non-ferrous metal products, such as aluminum and titanium.

Recommended Story: What is Green Investing?

Receive News & Ratings for SUMITOMO CORP/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SUMITOMO CORP/S and related companies with MarketBeat.com's FREE daily email newsletter.