Zacks Investment Research upgraded shares of Sumitomo Heavy Industries, Ltd. (NASDAQ:SOHVY) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday.

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 (NASDAQ SOHVY) traded up 300.00% during midday trading on Wednesday, hitting $36.83. The company had a trading volume of 68 shares. The firm has a market capitalization of $4.51 billion and a P/E ratio of 13.18. Sumitomo Heavy Industries has a 1-year low of $6.41 and a 1-year high of $9.31. The company has a 50 day moving average price of $9.21 and a 200 day moving average price of $8.58.

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