Sumitomo Heavy Industries (OTCMKTS:SOHVY) Shares Down 4.4%

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) shares traded down 4.4% during mid-day trading on Thursday . The stock traded as low as $7.06 and last traded at $7.06. 1,900 shares changed hands during mid-day trading, an increase of 271,329% from the average session volume of 1 shares. The stock had previously closed at $7.38.

Sumitomo Heavy Industries Stock Performance

The stock’s 50 day moving average is $7.31 and its 200-day moving average is $6.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.75 and a quick ratio of 0.98.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.22 earnings per share for the quarter. Sumitomo Heavy Industries had a net margin of 3.09% and a return on equity of 8.27%. The firm had revenue of $2.09 billion for the quarter. As a group, analysts expect that Sumitomo Heavy Industries, Ltd. will post 0.63 earnings per share for the current fiscal year.

Sumitomo Heavy Industries Company Profile

Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. Its Mechatronics segment offers gearmotors, gearboxes, motion control drives, motors and inverters, drive solutions, precision positioning equipment, laser systems, control systems, motion components, and collaborative robot.