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

Sumitomo Heavy (OTCMKTS:SOHVY) gapped up prior to trading on Friday. The stock had previously closed at $9.46, but opened at $9.93. Sumitomo Heavy shares last traded at $9.93, with a volume of 200 shares traded.

Sumitomo Heavy Trading Up 8.1%

The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 17.73 and a beta of 0.42. The company has a quick ratio of 1.12, a current ratio of 1.94 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $9.03 and its 200 day moving average is $8.52.

Sumitomo Heavy (OTCMKTS:SOHVY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter. Sumitomo Heavy had a return on equity of 6.18% and a net margin of 3.59%.The company had revenue of $1.87 billion for the quarter.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. is a Japanese industrial manufacturing company that develops and supplies machinery and equipment for a range of commercial and industrial applications. Its businesses include power-transmission and control systems, industrial machinery, logistics and material-handling equipment, construction machinery, energy-related systems, and mechatronics products.

The company also provides equipment and technologies used in semiconductor manufacturing, plastics processing, precision machinery, and other specialized production processes.