Sumitomo (OTCMKTS:SKLKY) Trading 1.1% Higher

Sumitomo Corporation (OTCMKTS:SKLKY) traded up 1.1% during trading on Monday . The stock traded as high as $2.72 and last traded at $2.69. 1,205 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 83,637 shares. The stock had previously closed at $2.66.

Separately, Goldman Sachs Group upgraded Sumitomo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 8th.

The firm has a fifty day simple moving average of $2.33 and a two-hundred day simple moving average of $2.44.

About Sumitomo (OTCMKTS:SKLKY)

Shinsei Bank, Limited provides various banking and financial products and services to individual customers, businesses, corporations, public-sector entities, and financial institutions in Japan. It offers Yen/foreign currency deposits and structured deposits; and housing loans, unsecured loans, credit guarantees, real estate related nonrecourse finance and corporate finance, and project finance, as well as specialty finance, including M and A-related finance.

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