Sumitomo Heavy (OTCMKTS:SOHVY) Trading 14.7% Higher – Here’s Why

Sumitomo Heavy (OTCMKTS:SOHVY)’s stock price was up 14.7% on Tuesday . The stock traded as high as $10.16 and last traded at $10.0620. Approximately 2,545 shares traded hands during trading, an increase of 29% from the average daily volume of 1,975 shares. The stock had previously closed at $8.77.

Sumitomo Heavy Price Performance

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 company has a 50-day moving average of $7.13 and a 200-day moving average of $6.40. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 143.74 and a beta of 0.26.

About Sumitomo Heavy

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.