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

Sumitomo Heavy (OTCMKTS:SOHVY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $10.0620, but opened at $9.37. Sumitomo Heavy shares last traded at $9.37, with a volume of 104 shares traded.

Sumitomo Heavy Trading Down 4.4%

The business has a fifty day simple moving average of $7.38 and a 200 day simple moving average of $6.51. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 132.86 and a beta of 0.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.06 and a current ratio of 1.95.

Sumitomo Heavy (OTCMKTS:SOHVY) last posted its quarterly earnings results on Friday, February 13th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $2.04 billion for the quarter. Sumitomo Heavy had a return on equity of 4.86% and a net margin of 0.36%.

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.