SUMITOMO CORP/S (OTCMKTS:SSUMY) Stock Price Passes Below 50 Day Moving Average of $15.02

SUMITOMO CORP/S (OTCMKTS:SSUMY) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.02 and traded as low as $14.38. SUMITOMO CORP/S shares last traded at $14.43, with a volume of 8,609 shares traded.

Separately, ValuEngine cut SUMITOMO CORP/S from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th.

The business has a fifty day moving average of $15.01 and a 200-day moving average of $14.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.15 and a current ratio of 1.56. The company has a market capitalization of $17.97 billion, a P/E ratio of 6.45 and a beta of 0.90.

About SUMITOMO CORP/S (OTCMKTS:SSUMY)

Sumitomo Corporation, together with its subsidiaries, imports, exports, and trades in various goods and commodities worldwide. The company's Metal Products segment provides steel products, including steel sheets and tubular products, as well as non-ferrous metal products, such as aluminum and titanium.

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