Sumitomo Heavy (OTCMKTS:SOHVY) Reaches New 1-Year High – Here’s Why

Sumitomo Heavy (OTCMKTS:SOHVY) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $8.0850 and last traded at $8.0850, with a volume of 278 shares trading hands. The stock had previously closed at $7.6480.

Sumitomo Heavy Stock Performance

The stock has a fifty day simple moving average of $6.94 and a two-hundred day simple moving average of $6.28. 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 stock has a market cap of $3.89 billion, a price-to-earnings ratio of 115.50 and a beta of 0.20.

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

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.