Sumitomo Heavy (OTCMKTS:SOHVY – Get Free Report) gapped up before the market opened on Friday. The stock had previously closed at $8.53, but opened at $9.02. Sumitomo Heavy shares last traded at $9.02, with a volume of 234 shares trading hands.
Sumitomo Heavy Trading Up 5.7%
The stock has a 50 day simple moving average of $9.29 and a 200-day simple moving average of $8.60. The firm has a market capitalization of $4.34 billion, a P/E ratio of 16.11 and a beta of 0.42. The company has a current ratio of 1.94, a quick ratio of 1.12 and a debt-to-equity ratio of 0.18.
Sumitomo Heavy (OTCMKTS:SOHVY – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.23 earnings per share for the quarter. The firm had revenue of $1.87 billion for the quarter. Sumitomo Heavy had a net margin of 3.59% and a return on equity of 6.18%.
About Sumitomo Heavy
Sumitomo Heavy Industries, Ltd. is a Japanese industrial manufacturing company that develops and supplies machinery and equipment for a range of commercial and industrial applications. Its businesses include power-transmission and control systems, industrial machinery, logistics and material-handling equipment, construction machinery, energy-related systems, and mechatronics products.
The company also provides equipment and technologies used in semiconductor manufacturing, plastics processing, precision machinery, and other specialized production processes.
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