Sumitomo Heavy (OTCMKTS:SOHVY) Trading 1% Higher – Here’s Why

Shares of Sumitomo Heavy (OTCMKTS:SOHVY) rose 1% during trading on Tuesday . The company traded as high as $6.7550 and last traded at $6.7550. Approximately 1,000 shares traded hands during trading, an increase of 6,523% from the average daily volume of 15 shares. The stock had previously closed at $6.69.

Sumitomo Heavy Stock Up 1.0%

The company has a quick ratio of 1.06, a current ratio of 1.95 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $6.72 and a 200-day simple moving average of $5.94. The firm has a market cap of $3.25 billion, a P/E ratio of 96.50 and a beta of 0.20.

Sumitomo Heavy (OTCMKTS:SOHVY) last issued its earnings results 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.

About Sumitomo Heavy

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.