Sumitomo Heavy (OTCMKTS:SOHVY) Shares Down 11.4% – Here’s What Happened

Sumitomo Heavy (OTCMKTS:SOHVY)’s stock price was down 11.4% during trading on Friday . The company traded as low as $7.89 and last traded at $7.89. Approximately 146 shares were traded during trading, a decline of 93% from the average daily volume of 2,242 shares. The stock had previously closed at $8.9050.

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 stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 17.93 and a beta of 0.23. The business’s 50 day simple moving average is $8.49 and its 200-day simple moving average is $7.12.

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

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.