Sumitomo Heavy (OTCMKTS:SOHVY) Trading Down 4.7% – Should You Sell?

Sumitomo Heavy (OTCMKTS:SOHVY)’s share price was down 4.7% during mid-day trading on Monday . The company traded as low as $6.43 and last traded at $6.43. Approximately 152 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,865 shares. The stock had previously closed at $6.75.

Sumitomo Heavy Price Performance

The company has a quick ratio of 1.08, a current ratio of 1.97 and a debt-to-equity ratio of 0.21. The business’s 50-day simple moving average is $6.37 and its 200-day simple moving average is $5.66. The stock has a market cap of $3.17 billion, a PE ratio of -220.00 and a beta of 0.23.

Sumitomo Heavy (OTCMKTS:SOHVY) last released its quarterly earnings results on Friday, October 31st. The company reported $0.11 EPS for the quarter. Sumitomo Heavy had a positive return on equity of 3.86% and a negative net margin of 0.29%.The business had revenue of $1.75 billion during the quarter.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. Its Mechatronics segment offers gearmotors, gearboxes, motion control drives, motors and inverters, drive solutions, precision positioning equipment, laser systems, control systems, motion components, and collaborative robot.