SUMITOMO CHEM C/ADR (OTCMKTS:SOMMY) reached a new 52-week low during trading on Monday . The stock traded as low as $21.30 and last traded at $21.30, with a volume of 3202 shares traded. The stock had previously closed at $22.09.
Separately, Zacks Investment Research lowered shares of SUMITOMO CHEM C/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st.
The firm has a 50 day moving average of $22.75.
Sumitomo Chemical Company, Limited engages in petrochemicals and plastics, energy and functional materials, IT-related, chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Petrochemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and methyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.
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