Sumitomo Heavy Industries, Ltd. (NASDAQ:SOHVY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, July 12th.

According to Zacks, “Sumitomo Heavy Industries, Ltd. manufactures and markets heavy machinery. The Company’s operations include heavy machinery, shipbuilding, mass-production machinery, environmental equipment, and construction machinery divisions. Sumitomo Heavy Industries, Ltd. is headquartered in Tokyo, Japan. “

Sumitomo Heavy Industries (SOHVY) opened at 36.83 on Wednesday. The stock has a market cap of $4.51 billion and a price-to-earnings ratio of 13.62. Sumitomo Heavy Industries has a 52 week low of $23.13 and a 52 week high of $37.22. The company has a 50-day moving average price of $33.60 and a 200-day moving average price of $32.24.

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