Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Up – Time to Buy?

by · The Markets Daily

Sumitomo Heavy (OTCMKTS:SOHVY – Get Free Report)’s stock price gapped up prior to trading 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 Stock Performance

The company has a quick ratio of 1.12, a current ratio of 1.94 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $9.29 and a 200 day moving average price of $8.60. The stock has a market cap of $4.34 billion, a P/E ratio of 16.11 and a beta of 0.42.

Sumitomo Heavy (OTCMKTS:SOHVY – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter. Sumitomo Heavy had a return on equity of 6.18% and a net margin of 3.59%. The company had revenue of $1.87 billion during the quarter.

About Sumitomo Heavy

(Get Free Report)

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.

Featured Stories