Sumitomo Heavy (OTCMKTS:SOHVY) Shares Up 3.2% – Still a Buy?
by Scott Moore · The Cerbat GemSumitomo Heavy (OTCMKTS:SOHVY – Get Free Report) was up 3.2% on Tuesday . The stock traded as high as $8.27 and last traded at $8.27. 210 shares changed hands during trading, an increase of 122% from the average daily volume of 95 shares. The stock had previously closed at $8.01.
Sumitomo Heavy Stock Up 3.2%
The company has a market cap of $3.98 billion, a PE ratio of 17.98 and a beta of 0.39. The company has a fifty day moving average of $8.31 and a two-hundred day moving average of $8.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.92.
Sumitomo Heavy (OTCMKTS:SOHVY – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $999.00 EPS for the quarter. Sumitomo Heavy had a net margin of 2.98% and a return on equity of 4.87%. The company had revenue of $1.63 billion during the quarter.
Sumitomo Heavy Company Profile
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.