Sumitomo Heavy (OTCMKTS:SOHVY) Shares Up 14% – Should You Buy?

Sumitomo Heavy (OTCMKTS:SOHVY) was up 14% during mid-day trading on Friday . The stock traded as high as $9.0950 and last traded at $9.0950. 1,325 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 1,360 shares. The stock had previously closed at $7.9750.

Sumitomo Heavy Stock Down 5.0%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.92. The stock’s 50 day simple moving average is $8.19 and its 200 day simple moving average is $8.35. The firm has a market cap of $4.37 billion, a P/E ratio of 16.24 and a beta of 0.40.

Sumitomo Heavy (OTCMKTS:SOHVY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.23 earnings per share for the quarter. The firm had revenue of $1.87 billion for the quarter. Sumitomo Heavy had a net margin of 3.59% and a return on equity of 6.15%.

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.