Sumitomo Heavy (OTCMKTS:SOHVY) Announces Earnings Results

Sumitomo Heavy (OTCMKTS:SOHVY) released its earnings results on Friday. The company reported $0.17 EPS for the quarter, Zacks reports. Sumitomo Heavy had a return on equity of 4.86% and a net margin of 0.36%.

Sumitomo Heavy Stock Performance

Shares of OTCMKTS:SOHVY opened at $9.30 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.06 and a debt-to-equity ratio of 0.21. Sumitomo Heavy has a 1-year low of $4.66 and a 1-year high of $10.16. The stock has a market capitalization of $4.47 billion, a P/E ratio of 132.86 and a beta of 0.26. The business has a 50-day moving average price of $7.38 and a two-hundred day moving average price of $6.51.

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.