Sumitomo (OTCMKTS:SSUMY) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Sumitomo Co. (OTCMKTS:SSUMYGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.74 and traded as low as $21.15. Sumitomo shares last traded at $21.66, with a volume of 55,755 shares traded.

Sumitomo Price Performance

The company has a market cap of $26.27 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.65 and a beta of 0.71. The company’s 50 day moving average price is $21.42 and its 200 day moving average price is $22.71. The company has a current ratio of 1.65, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52.

Sumitomo Company Profile

(Get Free Report)

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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