Sumitomo (OTCMKTS:SSUMY) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Sumitomo Co. (OTCMKTS:SSUMY)’s stock price passed 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 trading hands.

Sumitomo Stock Up 0.5 %

The firm has a market capitalization of $25.11 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 0.61 and a beta of 0.71. The business’s 50-day moving average is $21.32 and its two-hundred day moving average is $22.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.65.

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.