Sumitomo Heavy (OTCMKTS:SOHVY) Sees Large Volume Increase – What’s Next?

Sumitomo Heavy (OTCMKTS:SOHVY) saw unusually-strong trading volume on Monday . Approximately 1,200 shares were traded during trading, an increase of 1,835% from the previous session’s volume of 62 shares.The stock last traded at $7.20 and had previously closed at $6.7550.

Sumitomo Heavy Stock Performance

The company has a current ratio of 1.95, a quick ratio of 1.06 and a debt-to-equity ratio of 0.21. The company has a market cap of $3.58 billion, a PE ratio of 106.43 and a beta of 0.20. The firm’s fifty day moving average is $6.69 and its 200 day moving average is $6.03.

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

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.