Sumitomo Heavy (OTCMKTS:SOHVY) Announces Earnings Results

Sumitomo Heavy (OTCMKTS:SOHVY) issued its quarterly earnings data on Friday. The company reported $0.17 EPS for the quarter, Zacks reports. Sumitomo Heavy had a return on equity of 4.86% and a net margin of 0.36%.

Sumitomo Heavy Trading Down 4.4%

Shares of SOHVY traded down $0.43 during midday trading on Friday, reaching $9.30. The company had a trading volume of 5,802 shares, compared to its average volume of 2,422. Sumitomo Heavy has a 1-year low of $4.66 and a 1-year high of $10.16. The company has a quick ratio of 1.06, a current ratio of 1.95 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $7.32 and a 200-day simple moving average of $6.48. The stock has a market cap of $4.47 billion, a PE ratio of 132.86 and a beta of 0.26.

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.