Sumitomo Heavy (OTCMKTS:SOHVY) Sees Unusually-High Trading Volume – Time to Buy?

Sumitomo Heavy (OTCMKTS:SOHVY) shares saw an uptick in trading volume on Monday . 1,200 shares traded hands 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 firm’s 50 day moving average is $6.69 and its 200-day moving average is $6.03. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 106.43 and a beta of 0.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.06 and a current ratio of 1.95.

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

Sumitomo Heavy Company Profile

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.