Sumitomo Heavy (OTCMKTS:SOHVY) Stock Price Up 12.8% – Should You Buy?

Sumitomo Heavy (OTCMKTS:SOHVY) rose 12.8% during trading on Wednesday. The company traded as high as $8.40 and last traded at $8.40. Approximately 486 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 1,104 shares. The stock had previously closed at $7.45.

Sumitomo Heavy Stock Down 10.0%

The company has a market capitalization of $3.67 billion, a P/E ratio of 14.13 and a beta of 0.47. The business’s fifty day moving average price is $9.01 and its 200 day moving average price is $8.63. The company has a current ratio of 1.94, a quick ratio of 1.12 and a debt-to-equity ratio of 0.18.

Sumitomo Heavy (OTCMKTS:SOHVY) last issued its earnings results on Friday, October 30th. The company reported $0.19 EPS for the quarter. The company had revenue of $1.76 billion for the quarter. Sumitomo Heavy had a net margin of 3.45% and a return on equity of 6.91%.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. is a Japanese manufacturer of industrial machinery and equipment. Its products include plastic injection molding machines, precision gearboxes and motion-control systems, construction machinery such as excavators, and equipment for industrial production and energy applications. The company traces its roots to a machinery repair shop established in 1888 to serve the Besshi copper mine. It has since expanded into a broad range of machinery and technology businesses, including industrial presses, material-handling systems, and equipment used in semiconductor manufacturing and medical applications.