Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Up – Should You Buy?

Sumitomo Heavy (OTCMKTS:SOHVY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $8.1250, but opened at $9.79. Sumitomo Heavy shares last traded at $9.79, with a volume of 513 shares changing hands.

Sumitomo Heavy Trading Up 22.8%

The firm’s 50-day moving average is $8.15 and its 200 day moving average is $8.34. The company has a current ratio of 1.92, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 17.48 and a beta of 0.40.

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

About Sumitomo Heavy

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.