Sumitomo (OTCMKTS:SSUMY) Releases Quarterly Earnings Results

Sumitomo (OTCMKTS:SSUMY) issued its quarterly earnings results on Tuesday. The conglomerate reported $0.89 EPS for the quarter, Zacks reports. Sumitomo had a return on equity of 7.31% and a net margin of 4.97%.

Sumitomo Stock Performance

Shares of SSUMY stock opened at $21.60 on Tuesday. The firm has a market cap of $26.16 billion, a PE ratio of 12.07, a P/E/G ratio of 0.69 and a beta of 0.71. The company’s fifty day simple moving average is $21.36 and its 200-day simple moving average is $22.12. Sumitomo has a 12 month low of $19.00 and a 12 month high of $28.90. The company has a quick ratio of 1.24, a current ratio of 1.77 and a debt-to-equity ratio of 0.55.

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.