Sumitomo Heavy (OTCMKTS:SOHVY) Issues Earnings Results

Sumitomo Heavy (OTCMKTS:SOHVY) released its earnings results on Friday. The company reported $0.19 earnings per share (EPS) for the quarter, Zacks reports. Sumitomo Heavy had a return on equity of 6.18% and a net margin of 3.59%.

Sumitomo Heavy Stock Performance

Shares of SOHVY traded down $0.40 during mid-day trading on Friday, hitting $8.18. The company’s stock had a trading volume of 541 shares, compared to its average volume of 1,027. The stock’s 50-day moving average is $9.17 and its two-hundred day moving average is $8.58. The firm has a market capitalization of $3.93 billion, a PE ratio of 14.61 and a beta of 0.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.12 and a current ratio of 1.94. Sumitomo Heavy has a one year low of $6.28 and a one year high of $10.16.

Sumitomo Heavy Company Profile

Sumitomo Heavy Industries, Ltd. is a Japanese industrial manufacturer headquartered in Tokyo. The company traces its origins to a machinery-repair business established by the Sumitomo group in 1888 and has developed into a diversified supplier of equipment and systems for industrial customers worldwide.

Its products and services include power-transmission equipment, gearboxes, precision machinery, industrial robots, injection-molding machines, presses, semiconductor manufacturing equipment, laser-processing systems, and material-handling and logistics systems.