Sumitomo Heavy (OTCMKTS:SOHVY) Stock Price Down 8.8% – Here’s Why

Sumitomo Heavy (OTCMKTS:SOHVY)’s stock price fell 8.8% during mid-day trading on Friday. The company traded as low as $7.63 and last traded at $7.63. Approximately 562 shares traded hands during trading, a decline of 49% from the average session volume of 1,093 shares. The stock had previously closed at $8.3650.

Sumitomo Heavy Trading Down 10.0%

The business has a fifty day moving average price of $8.98 and a 200-day moving average price of $8.63. The company has a quick ratio of 1.12, a current ratio of 1.94 and a debt-to-equity ratio of 0.18. The company has a market cap of $3.67 billion, a P/E ratio of 14.13 and a beta of 0.47.

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

Sumitomo Heavy Company Profile

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.