--- title: "Sumitomo (OTCMKTS:SSUMY) Hits New 1-Year High - Should You Buy?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285605125.md" description: "Sumitomo Corp. (OTCMKTS:SSUMY) reached a new 52-week high of $47.73 during trading, closing at $46.93. Zacks Research upgraded the stock from \"strong sell\" to \"hold,\" with an average rating of \"buy\" from analysts. The company reported $1.02 EPS, exceeding estimates, with a revenue of $12.48 billion. Sumitomo operates in various sectors, including trading and investment, and has a market cap of $55.68 billion. Despite its current buy rating, analysts suggest there are better investment options available." datetime: "2026-05-07T19:49:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285605125.md) - [en](https://longbridge.com/en/news/285605125.md) - [zh-HK](https://longbridge.com/zh-HK/news/285605125.md) generator: "portal-rs" --- # Sumitomo (OTCMKTS:SSUMY) Hits New 1-Year High - Should You Buy? Shares of Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $47.73 and last traded at $46.93, with a volume of 11843 shares. The stock had previously closed at $44.6393. ## Analyst Upgrades and Downgrades Separately, Zacks Research upgraded Sumitomo from a "strong sell" rating to a "hold" rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy". **Read Our Latest Stock Report on Sumitomo** ## Sumitomo Price Performance The company has a 50 day moving average of $37.92 and a 200-day moving average of $36.11. The firm has a market capitalization of $55.68 billion, a P/E ratio of 14.08, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56. Sumitomo (OTCMKTS:SSUMY - Get Free Report) last released its earnings results on Friday, May 1st. The conglomerate reported $1.02 EPS for the quarter, beating the consensus estimate of $0.90 by $0.12. The firm had revenue of $12.48 billion for the quarter, compared to analyst estimates of $14.01 billion. Sumitomo had a net margin of 8.19% and a return on equity of 12.04%. On average, sell-side analysts predict that Sumitomo Corp. will post 3.43 EPS for the current year. ## Sumitomo Company Profile (Get Free Report) Sumitomo Corporation OTCMKTS: SSUMY is a global integrated trading and investment company headquartered in Japan. As one of the country's major sogo shosha (general trading firms), Sumitomo operates a diversified business portfolio that spans trading, project development, equity investments and provision of services to industrial and consumer markets. The company acts as a commercial intermediary and strategic investor, linking producers, manufacturers and end users across international supply chains. Sumitomo's business activities cover a wide range of sectors, including metal products and mining, transportation and construction systems, infrastructure and real estate, energy and chemical products, electronics and digital solutions, and consumer goods and food. ## See Also - Five stocks we like better than Sumitomo *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* ## Should You Invest $1,000 in Sumitomo Right Now? Before you consider Sumitomo, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sumitomo wasn't on the list. While Sumitomo currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [SSUMY.US](https://longbridge.com/en/quote/SSUMY.US.md) ## Related News & Research - [Sumitomo heats up bidding war for Australia's FleetPartners with $582 million offer](https://longbridge.com/en/news/296961281.md) - [Deals of the day-Mergers and acquisitions](https://longbridge.com/en/news/297022307.md) - [2,957 Shares in Norfolk Southern Corporation $NSC Acquired by Sumitomo Life Insurance Co.](https://longbridge.com/en/news/296698418.md) - [Sumitomo Life Insurance Co. Takes $1.13 Million Position in Prologis, Inc. $PLD](https://longbridge.com/en/news/296680147.md) - [Is Sumitomo (TSE:8053) Undervalued As First Quarter Profit And Revenue Rise?](https://longbridge.com/en/news/294533199.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**