Sumitomo Heavy (OTCMKTS:SOHVY) Shares Down 4.9% – Time to Sell?

Sumitomo Heavy (OTCMKTS:SOHVY)’s stock price fell 4.9% during mid-day trading on Friday . The stock traded as low as $6.60 and last traded at $6.60. 200 shares were traded during mid-day trading, a decline of 89% from the average session volume of 1,898 shares. The stock had previously closed at $6.94.

Sumitomo Heavy Stock Down 4.9%

The stock has a market cap of $3.17 billion, a price-to-earnings ratio of -220.00 and a beta of 0.23. The stock has a 50 day simple moving average of $6.23 and a 200 day simple moving average of $5.57. The company has a quick ratio of 1.08, a current ratio of 1.97 and a debt-to-equity ratio of 0.21.

Sumitomo Heavy (OTCMKTS:SOHVY) last issued its earnings results on Friday, October 31st. The company reported $0.11 earnings per share for the quarter. Sumitomo Heavy had a positive return on equity of 3.86% and a negative net margin of 0.29%.The company had revenue of $1.75 billion for the quarter.

Sumitomo Heavy 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.