Sumitomo (OTCMKTS:SSUMY) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Sumitomo Co. (OTCMKTS:SSUMY) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $21.50 and traded as high as $22.08. Sumitomo shares last traded at $22.07, with a volume of 28,581 shares traded.

Sumitomo Trading Up 0.3 %

The firm has a market cap of $26.73 billion, a P/E ratio of 11.09, a P/E/G ratio of 0.71 and a beta of 0.71. The business’s 50-day moving average is $21.50 and its two-hundred day moving average is $22.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.77 and a quick ratio of 1.24.

Sumitomo (OTCMKTS:SSUMY) last announced its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $0.89 EPS for the quarter. Sumitomo had a net margin of 5.42% and a return on equity of 7.73%. As a group, analysts predict that Sumitomo Co. will post 2.82 earnings per share for the current fiscal year.

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.