Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Up – Here’s Why

Sumitomo Heavy (OTCMKTS:SOHVY) shares gapped up prior to trading 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 trading hands.

Sumitomo Heavy Stock Performance

The company’s fifty day moving average price is $6.69 and its two-hundred day moving average price is $6.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.06 and a current ratio of 1.95. The firm has a market capitalization of $3.46 billion, a PE ratio of 102.86 and a beta of 0.20.

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