Sumitomo (OTCMKTS:SSUMY) Shares Pass Below 50 Day Moving Average – What’s Next?
by Doug Wharley · The Cerbat GemSumitomo Co. (OTCMKTS:SSUMY – Get Free Report)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $22.42 and traded as low as $21.00. Sumitomo shares last traded at $21.11, with a volume of 72,954 shares changing hands.
Sumitomo Trading Down 0.1 %
The stock’s 50-day simple moving average is $22.42 and its two-hundred day simple moving average is $24.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.65 and a quick ratio of 1.17. The firm has a market capitalization of $25.57 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 0.55 and a beta of 0.71.
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.
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