Sumitomo Heavy (OTCMKTS:SOHVY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $9.5770, but opened at $8.76. Sumitomo Heavy shares last traded at $8.76, with a volume of 305 shares.
Sumitomo Heavy Stock Performance
The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 15.64 and a beta of 0.40. The company has a current ratio of 1.92, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average is $8.54 and its 200 day moving average is $8.52.
Sumitomo Heavy (OTCMKTS:SOHVY – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.23 EPS for the quarter. The company had revenue of $1.87 billion for the quarter. Sumitomo Heavy had a return on equity of 6.15% and a net margin of 3.59%.
About Sumitomo Heavy
Sumitomo Heavy Industries, Ltd. (OTCMKTS: SOHVY) is a Japanese multinational manufacturer specializing in a broad range of industrial machinery and heavy equipment. Headquartered in Tokyo, the company operates as a core member of the Sumitomo Group, a major keiretsu with roots dating back to the early Meiji era. Sumitomo Heavy serves diverse markets by developing and producing advanced systems for material processing, energy generation, environmental management and transportation.
The company’s product portfolio encompasses industrial machinery such as metal‐forming presses, injection molding machines and power transmission systems.
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