SUMITOMO CORP/S (SSUMY) Stock Rating Upgraded by Goldman Sachs Group

Goldman Sachs Group upgraded shares of SUMITOMO CORP/S (OTCMKTS:SSUMY) from a neutral rating to a buy rating in a research report released on Thursday, The Fly reports.

Separately, Zacks Investment Research cut SUMITOMO CORP/S from a strong-buy rating to a hold rating in a report on Wednesday, August 1st.

SSUMY stock traded down $0.29 during trading on Thursday, hitting $14.86. The stock had a trading volume of 90,977 shares, compared to its average volume of 33,038. The company has a current ratio of 1.55, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. SUMITOMO CORP/S has a twelve month low of $14.71 and a twelve month high of $18.50. The stock has a market cap of $18.95 billion, a price-to-earnings ratio of 6.52 and a beta of 0.95.

SUMITOMO CORP/S Company Profile

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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