Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Up – Should You Buy?

Sumitomo Heavy (OTCMKTS:SOHVY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $8.1250, but opened at $9.79. Sumitomo Heavy shares last traded at $9.79, with a volume of 513 shares trading hands.

Sumitomo Heavy Price Performance

The firm has a fifty day moving average of $8.21 and a two-hundred day moving average of $8.36. The stock has a market capitalization of $4.37 billion, a P/E ratio of 16.24 and a beta of 0.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.92 and a quick ratio of 1.12.

Sumitomo Heavy (OTCMKTS:SOHVY) last issued its earnings results on Tuesday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $1.87 billion for the quarter. Sumitomo Heavy had a net margin of 3.59% and a return on equity of 6.15%.

Sumitomo Heavy Company Profile

Sumitomo Heavy Industries, Ltd. (OTCMKTS: SOHVY) is a Japanese multinational manufacturer specializing in a broad range of industrial machinery and heavy equipment. Headquartered in Tokyo, the company operates as a core member of the Sumitomo Group, a major keiretsu with roots dating back to the early Meiji era. Sumitomo Heavy serves diverse markets by developing and producing advanced systems for material processing, energy generation, environmental management and transportation.

The company’s product portfolio encompasses industrial machinery such as metal?forming presses, injection molding machines and power transmission systems.