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

Sumitomo Heavy (OTCMKTS:SOHVY)’s share price gapped up prior to trading on Friday. The stock had previously closed at $8.53, but opened at $9.02. Sumitomo Heavy shares last traded at $9.02, with a volume of 234 shares changing hands.

Sumitomo Heavy Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.12. The firm has a market capitalization of $4.34 billion, a PE ratio of 16.11 and a beta of 0.42. The company’s fifty day simple moving average is $9.29 and its 200 day simple moving average is $8.61.

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

Sumitomo Heavy Company Profile

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.