Sumitomo Heavy (OTCMKTS:SOHVY) Shares Climb 12.8% – Time to Buy?

Sumitomo Heavy (OTCMKTS:SOHVY)’s stock price shot up 12.8% during mid-day trading on Wednesday. The stock traded as high as $8.40 and last traded at $8.40. 486 shares were traded during trading, a decline of 56% from the average session volume of 1,104 shares. The stock had previously closed at $7.45.

Sumitomo Heavy Stock Up 12.8%

The stock has a fifty day moving average price of $9.02 and a 200 day moving average price of $8.62. 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 stock has a market capitalization of $4.04 billion, a P/E ratio of 15.56 and a beta of 0.47.

Sumitomo Heavy (OTCMKTS:SOHVY) last released its quarterly earnings data on Friday, October 30th. The company reported $0.19 earnings per share (EPS) for the quarter. Sumitomo Heavy had a return on equity of 6.91% and a net margin of 3.45%. The company had revenue of $1.76 billion for the quarter.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. is a Japanese manufacturer of industrial machinery and equipment. Its products include plastic injection molding machines, precision gearboxes and motion-control systems, construction machinery such as excavators, and equipment for industrial production and energy applications. The company traces its roots to a machinery repair shop established in 1888 to serve the Besshi copper mine. It has since expanded into a broad range of machinery and technology businesses, including industrial presses, material-handling systems, and equipment used in semiconductor manufacturing and medical applications.