Sumitomo Heavy (OTCMKTS:SOHVY) Issues Quarterly Earnings Results

Sumitomo Heavy (OTCMKTS:SOHVY) announced its quarterly earnings results on Friday. The company reported $0.19 earnings per share (EPS) for the quarter, Zacks reports. Sumitomo Heavy had a return on equity of 6.18% and a net margin of 3.59%. The firm had revenue of $1.76 billion during the quarter.

Sumitomo Heavy Price Performance

Shares of OTCMKTS SOHVY opened at $8.18 on Friday. Sumitomo Heavy has a 1-year low of $6.28 and a 1-year high of $10.16. The business has a 50-day moving average of $9.14 and a 200-day moving average of $8.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.12. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 15.15 and a beta of 0.42.

Sumitomo Heavy Company Profile

Sumitomo Heavy Industries, Ltd. is a Japanese industrial manufacturer headquartered in Tokyo. The company traces its origins to a machinery-repair business established by the Sumitomo group in 1888 and has developed into a diversified supplier of equipment and systems for industrial customers worldwide.

Its products and services include power-transmission equipment, gearboxes, precision machinery, industrial robots, injection-molding machines, presses, semiconductor manufacturing equipment, laser-processing systems, and material-handling and logistics systems.