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

Sumitomo Heavy (OTCMKTS:SOHVY) gapped up before the market opened on Monday. The stock had previously closed at $7.45, but opened at $8.14. Sumitomo Heavy shares last traded at $7.97, with a volume of 2,016 shares trading hands.

Sumitomo Heavy Trading Up 4.8%

The firm’s 50-day simple moving average is $9.02 and its 200-day simple moving average is $8.62. The firm has a market capitalization of $4.02 billion, a PE ratio of 15.49 and a beta of 0.47. The company has a quick ratio of 1.12, a current ratio of 1.94 and a debt-to-equity ratio of 0.18.

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

Sumitomo Heavy Company Profile

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.