Sumitomo Heavy (OTCMKTS:SOHVY) Shares Down 11.4% – Here’s What Happened

Sumitomo Heavy (OTCMKTS:SOHVY)’s share price fell 11.4% on Friday . The company traded as low as $7.89 and last traded at $7.89. 146 shares traded hands during trading, a decline of 93% from the average session volume of 2,242 shares. The stock had previously closed at $8.9050.

Sumitomo Heavy Stock Down 3.6%

The company’s 50 day simple moving average is $8.51 and its 200-day simple moving average is $7.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.92. The firm has a market capitalization of $3.79 billion, a PE ratio of 17.93 and a beta of 0.23.

Sumitomo Heavy (OTCMKTS:SOHVY) last released its quarterly earnings results on Friday, February 13th. The company reported $0.17 EPS for the quarter. The firm had revenue of $2.04 billion during the quarter. Sumitomo Heavy had a net margin of 2.89% and a return on equity of 5.10%.

About Sumitomo Heavy

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.