Sumitomo Heavy (OTCMKTS:SOHVY) Sets New 1-Year High – Still a Buy?

Sumitomo Heavy (OTCMKTS:SOHVY)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $8.8740 and last traded at $8.77, with a volume of 4038 shares changing hands. The stock had previously closed at $8.76.

Sumitomo Heavy Price Performance

The stock’s 50 day simple moving average is $7.09 and its 200-day simple moving average is $6.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.95 and a quick ratio of 1.06. The company has a market capitalization of $4.27 billion, a PE ratio of 126.77 and a beta of 0.26.

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.