Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Down – Here’s What Happened

Sumitomo Heavy (OTCMKTS:SOHVY)’s share price gapped down before the market opened on Friday. The stock had previously closed at $9.77, but opened at $9.1640. Sumitomo Heavy shares last traded at $9.1640, with a volume of 263 shares.

Sumitomo Heavy Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.12 and a current ratio of 1.94. The firm’s fifty day moving average price is $9.21 and its 200 day moving average price is $8.56. The firm has a market cap of $4.41 billion, a P/E ratio of 16.36 and a beta of 0.42.

Sumitomo Heavy (OTCMKTS:SOHVY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.23 EPS for the quarter. The company 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.