Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Up – Here’s What Happened

Sumitomo Heavy (OTCMKTS:SOHVY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $8.76, but opened at $9.24. Sumitomo Heavy shares last traded at $9.24, with a volume of 387 shares changing hands.

Sumitomo Heavy Stock Performance

The company has a market cap of $4.44 billion, a price-to-earnings ratio of 16.50 and a beta of 0.42. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.92 and a quick ratio of 1.12. The stock has a 50-day moving average price of $8.61 and a 200 day moving average price of $8.49.

Sumitomo Heavy (OTCMKTS:SOHVY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter. Sumitomo Heavy had a return on equity of 6.15% and a net margin of 3.59%.The business had revenue of $1.87 billion during the quarter.

Sumitomo Heavy Company Profile

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.