Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Up – Time to Buy?

Sumitomo Heavy (OTCMKTS:SOHVY) shares gapped up before the market opened on Thursday . The stock had previously closed at $8.76, but opened at $9.24. Sumitomo Heavy shares last traded at $9.24, with a volume of 387 shares.

Sumitomo Heavy Trading Down 0.0%

The company has a quick ratio of 1.12, a current ratio of 1.92 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $8.65 and a 200 day moving average price of $8.50. The stock has a market capitalization of $4.44 billion, a PE ratio of 16.50 and a beta of 0.42.

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

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.