Zacks Investment Research Downgrades SUMITOMO Chem C/ADR (SOMMY) to Hold

Zacks Investment Research downgraded shares of SUMITOMO Chem C/ADR (OTCMKTS:SOMMY) from a buy rating to a hold rating in a research report report published on Friday morning.

According to Zacks, “Sumitomo Chemical Co., Ltd. engages in the manufacture and sale of chemicals. Its operating segments consists of Basic Chemicals, Petrochemicals and Plastics, Information Technology related Chemicals, Health and Crop Sciences, Pharmaceuticals and Others. Basic Chemicals segment produces organic and inorganic chemicals, synthetic fiber raw materials, methyl methacrylate products, alumina products, additives and dyestuffs. Petrochemicals and Plastics segment consists of synthetic resin, rubber and other resin processed products. IT-Related Chemicals segment sells optical products, color filters, semiconductor processing materials, compound semiconductor materials and battery components. Health and Crop Sciences segment distributes fertilizers, pesticides, insecticides, tropical infectious disease control materials and feed additives. Pharmaceuticals segment develops and sells ethical pharmaceuticals, radiopharmaceutical and radiation therapy equipment. Others segment provides supply of electrical power and stea “

Separately, ValuEngine lowered SUMITOMO Chem C/ADR from a hold rating to a sell rating in a report on Monday, July 2nd.

OTCMKTS SOMMY traded up $0.06 during trading on Friday, hitting $26.56. 9,033 shares of the company traded hands, compared to its average volume of 8,178. SUMITOMO Chem C/ADR has a 12 month low of $26.08 and a 12 month high of $39.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.22 and a quick ratio of 0.79. The firm has a market cap of $9.73 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of -1.54 and a beta of 1.61.


Sumitomo Chemical Company, Limited operates in petrochemicals and plastics, energy and functional materials, IT-related chemicals, health and crop sciences, and pharmaceuticals sectors worldwide. The company's 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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