Sumitomo Heavy Industries (OTCMKTS:SOHVY) Reaches New 1-Year Low – Here’s Why

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $4.76 and last traded at $4.76, with a volume of 399 shares changing hands. The stock had previously closed at $4.95.

Sumitomo Heavy Industries Price Performance

The stock has a market capitalization of $2.29 billion, a P/E ratio of 68.00 and a beta of 0.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.98 and a current ratio of 1.84. The business has a fifty day simple moving average of $5.30 and a 200-day simple moving average of $5.44.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last released its earnings results on Friday, February 14th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $1.96 billion for the quarter. Sumitomo Heavy Industries had a net margin of 0.73% and a return on equity of 5.42%.

Sumitomo Heavy Industries Company Profile

Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. Its Mechatronics segment offers gearmotors, gearboxes, motion control drives, motors and inverters, drive solutions, precision positioning equipment, laser systems, control systems, motion components, and collaborative robot.