Sumitomo Heavy (OTCMKTS:SOHVY) Trading Up 3.2% – Here’s What Happened

Shares of Sumitomo Heavy (OTCMKTS:SOHVY) shot up 3.2% on Tuesday . The company traded as high as $8.27 and last traded at $8.27. 210 shares changed hands during mid-day trading, an increase of 122% from the average session volume of 95 shares. The stock had previously closed at $8.01.

Sumitomo Heavy Stock Up 3.2%

The firm has a market cap of $3.98 billion, a P/E ratio of 17.98 and a beta of 0.39. The company’s 50-day simple moving average is $8.31 and its 200 day simple moving average is $8.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.92 and a quick ratio of 1.12.

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

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.