Sumitomo Heavy (OTCMKTS:SOHVY) Announces Quarterly Earnings Results

Sumitomo Heavy (OTCMKTS:SOHVY) released its quarterly earnings data on Tuesday. The company reported $0.23 EPS for the quarter, Zacks reports. The business had revenue of $1.87 billion during the quarter. Sumitomo Heavy had a net margin of 2.98% and a return on equity of 4.87%.

Sumitomo Heavy Stock Performance

Shares of Sumitomo Heavy stock opened at $7.97 on Wednesday. The company has a market capitalization of $3.83 billion, a PE ratio of 17.34 and a beta of 0.40. Sumitomo Heavy has a 52 week low of $5.59 and a 52 week high of $10.16. The company has a quick ratio of 1.12, a current ratio of 1.92 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $8.15 and its two-hundred day moving average is $8.33.

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.