Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Down – What’s Next?

Sumitomo Heavy (OTCMKTS:SOHVY) shares gapped down before the market opened on Wednesday. The stock had previously closed at $9.6430, but opened at $9.19. Sumitomo Heavy shares last traded at $9.19, with a volume of 271 shares.

Sumitomo Heavy Price Performance

The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 16.41 and a beta of 0.42. The business’s fifty day moving average price is $9.03 and its 200-day moving average price is $8.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.12.

Sumitomo Heavy (OTCMKTS:SOHVY) last posted its earnings results on Tuesday, August 4th. The company reported $0.23 earnings per share for the quarter. The company had revenue of $1.87 billion for the quarter. Sumitomo Heavy had a net margin of 3.59% and a return on equity of 6.18%.

About Sumitomo Heavy

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.