Sumitomo Chemical (SOMMY) Cut to “Hold” at ValuEngine

ValuEngine lowered shares of Sumitomo Chemical (OTCMKTS:SOMMY) from a buy rating to a hold rating in a report released on Monday, April 2nd.

Separately, Zacks Investment Research cut shares of Sumitomo Chemical from a strong-buy rating to a hold rating in a research report on Tuesday, December 19th.

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OTCMKTS:SOMMY traded up $0.11 on Monday, reaching $29.27. The stock had a trading volume of 17,078 shares, compared to its average volume of 5,646. The stock has a market cap of $9,604.89, a P/E ratio of 12.43 and a beta of 1.85. Sumitomo Chemical has a 12-month low of $26.08 and a 12-month high of $39.13.

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About Sumitomo Chemical

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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