SUMITOMO CORP/S (OTCMKTS:SSUMY) Share Price Passes Below 50-Day Moving Average of $15.52

SUMITOMO CORP/S (OTCMKTS:SSUMY)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.52 and traded as low as $14.80. SUMITOMO CORP/S shares last traded at $14.87, with a volume of 21,309 shares changing hands.

Separately, ValuEngine upgraded shares of SUMITOMO CORP/S from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th.

The business’s fifty day moving average is $15.51 and its 200-day moving average is $15.26. The stock has a market capitalization of $18.82 billion, a PE ratio of 6.37 and a beta of 0.86. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 1.02.

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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