Sumitomo (OTCMKTS:SSUMY) Issues Quarterly Earnings Results

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

Sumitomo Stock Down 0.2 %

Sumitomo stock opened at $21.60 on Tuesday. The firm has a market capitalization of $26.16 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.69 and a beta of 0.71. The firm has a 50 day simple moving average of $21.36 and a 200 day simple moving average of $22.12. Sumitomo has a 1-year low of $19.00 and a 1-year high of $28.90. The company has a current ratio of 1.77, a quick ratio of 1.24 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.