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

Sumitomo Heavy (OTCMKTS:SOHVY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $9.5770, but opened at $8.76. Sumitomo Heavy shares last traded at $8.76, with a volume of 305 shares traded.

Sumitomo Heavy Price Performance

The company’s 50-day moving average is $8.54 and its two-hundred day moving average is $8.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.92 and a quick ratio of 1.12. The firm has a market cap of $4.21 billion, a P/E ratio of 15.64 and a beta of 0.40.

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