Sumitomo Heavy Industries (OTCMKTS:SOHVY) Upgraded to Hold at Citigroup

Sumitomo Heavy Industries (OTCMKTS:SOHVY) was upgraded by Citigroup to a “hold” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

Sumitomo Heavy Industries Stock Performance

SOHVY stock opened at $5.65 on Monday. The company has a market capitalization of $2.77 billion, a PE ratio of 12.02 and a beta of 0.25. The business’s fifty day moving average price is $6.24 and its 200 day moving average price is $6.78. Sumitomo Heavy Industries has a 12-month low of $5.05 and a 12-month high of $7.67.

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.