Sumitomo Heavy (OTCMKTS:SOHVY) Posts Earnings Results

Sumitomo Heavy (OTCMKTS:SOHVY) announced its quarterly earnings results on Friday. The company reported $0.19 EPS for the quarter, Zacks reports. Sumitomo Heavy had a return on equity of 6.18% and a net margin of 3.59%.

Sumitomo Heavy Stock Performance

OTCMKTS:SOHVY traded down $0.40 during midday trading on Friday, reaching $8.18. The stock had a trading volume of 541 shares, compared to its average volume of 1,027. The firm has a fifty day simple moving average of $9.17 and a two-hundred day simple moving average of $8.58. Sumitomo Heavy has a 12-month low of $6.28 and a 12-month high of $10.16. The company has a quick ratio of 1.12, a current ratio of 1.94 and a debt-to-equity ratio of 0.18. The stock has a market cap of $3.93 billion, a P/E ratio of 14.61 and a beta of 0.42.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. is a Japanese industrial manufacturer headquartered in Tokyo. The company traces its origins to a machinery-repair business established by the Sumitomo group in 1888 and has developed into a diversified supplier of equipment and systems for industrial customers worldwide.

Its products and services include power-transmission equipment, gearboxes, precision machinery, industrial robots, injection-molding machines, presses, semiconductor manufacturing equipment, laser-processing systems, and material-handling and logistics systems.