Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Down – What’s Next?

by · The Cerbat Gem

Sumitomo Heavy (OTCMKTS:SOHVY – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $7.58, but opened at $6.60. Sumitomo Heavy shares last traded at $6.60, with a volume of 6,000 shares.

Sumitomo Heavy Stock Down 4.9%

The firm has a market cap of $3.17 billion, a PE ratio of -220.00 and a beta of 0.24. The company has a current ratio of 1.97, a quick ratio of 1.08 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average price of $6.15 and a 200-day moving average price of $5.53.

Sumitomo Heavy (OTCMKTS:SOHVY – Get Free Report) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter. Sumitomo Heavy had a negative net margin of 0.29% and a positive return on equity of 3.86%. The company had revenue of $1.75 billion during the quarter.

About Sumitomo Heavy

(Get Free Report)

Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. Its Mechatronics segment offers gearmotors, gearboxes, motion control drives, motors and inverters, drive solutions, precision positioning equipment, laser systems, control systems, motion components, and collaborative robot.

Read More