Sumitomo Heavy (OTCMKTS:SOHVY) Posts Earnings Results

Sumitomo Heavy (OTCMKTS:SOHVY) posted its quarterly earnings results on Friday. The company reported $0.19 earnings per share (EPS) for the quarter, Zacks reports. Sumitomo Heavy had a net margin of 3.59% and a return on equity of 6.18%.

Sumitomo Heavy Stock Performance

Shares of SOHVY traded down $0.40 during trading hours on Friday, reaching $8.18. 541 shares of the company’s stock traded hands, compared to its average volume of 1,027. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 14.61 and a beta of 0.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.12. Sumitomo Heavy has a twelve month low of $6.28 and a twelve month high of $10.16. The business’s fifty day simple moving average is $9.17 and its two-hundred day simple moving average is $8.58.

Sumitomo Heavy Company Profile

Sumitomo Heavy Industries, Ltd. is a Japanese industrial manufacturer headquartered in Tokyo. The company traces its origins to a machinery-repair business established by the Sumitomo group in 1888 and has developed into a diversified supplier of equipment and systems for industrial customers worldwide.

Its products and services include power-transmission equipment, gearboxes, precision machinery, industrial robots, injection-molding machines, presses, semiconductor manufacturing equipment, laser-processing systems, and material-handling and logistics systems.