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

Sumitomo Heavy (OTCMKTS:SOHVY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $7.4150, but opened at $8.3350. Sumitomo Heavy shares last traded at $8.3350, with a volume of 100 shares trading hands.

Sumitomo Heavy Price Performance

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 company has a market cap of $4.00 billion, a PE ratio of 18.92 and a beta of 0.33. The stock has a 50-day simple moving average of $8.61 and a 200 day simple moving average of $7.33.

Sumitomo Heavy (OTCMKTS:SOHVY) last posted its earnings results on Friday, February 13th. The company reported $0.17 EPS for the quarter. Sumitomo Heavy had a return on equity of 5.10% and a net margin of 2.89%.The company had revenue of $2.04 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.