Sumitomo Heavy (OTCMKTS:SOHVY) Sets New 1-Year High – Should You Buy?

Shares of Sumitomo Heavy (OTCMKTS:SOHVY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $8.8740 and last traded at $8.77, with a volume of 4038 shares trading hands. The stock had previously closed at $8.76.

Sumitomo Heavy Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.06 and a current ratio of 1.95. The stock has a fifty day simple moving average of $7.27 and a two-hundred day simple moving average of $6.46. The stock has a market cap of $4.85 billion, a PE ratio of 144.00 and a beta of 0.26.

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.