Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Up – Time to Buy?

Sumitomo Heavy (OTCMKTS:SOHVY) shares gapped up prior to trading on Friday . The stock had previously closed at $8.06, but opened at $8.50. Sumitomo Heavy shares last traded at $8.50, with a volume of 100 shares traded.

Sumitomo Heavy Trading Down 0.7%

The business has a fifty day simple moving average of $8.43 and a 200-day simple moving average of $7.60. 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 cap of $4.01 billion, a price-to-earnings ratio of 18.15 and a beta of 0.42.

Sumitomo Heavy (OTCMKTS:SOHVY) last issued its earnings results on Tuesday, April 28th. The company reported $999.00 earnings per share (EPS) for the quarter. Sumitomo Heavy had a return on equity of 4.87% and a net margin of 2.98%.The business had revenue of $1.63 billion during the quarter.

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.