Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Up – Should You Buy?

Sumitomo Heavy (OTCMKTS:SOHVY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $6.69, but opened at $7.20. Sumitomo Heavy shares last traded at $7.20, with a volume of 146 shares changing hands.

Sumitomo Heavy Trading Up 6.6%

The company has a quick ratio of 1.06, a current ratio of 1.95 and a debt-to-equity ratio of 0.21. The firm has a market cap of $3.46 billion, a P/E ratio of 102.86 and a beta of 0.20. The company’s 50 day simple moving average is $6.69 and its 200-day simple moving average is $6.00.

Sumitomo Heavy (OTCMKTS:SOHVY) last released its earnings results on Friday, October 31st. The company reported $0.11 EPS for the quarter. The firm had revenue of $1.75 billion during the quarter. Sumitomo Heavy had a net margin of 0.36% and a return on equity of 4.86%.

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.