Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Up – Still a Buy?

Sumitomo Heavy (OTCMKTS:SOHVY)’s share price gapped up before the market opened on Monday. The stock had previously closed at $8.18, but opened at $8.73. Sumitomo Heavy shares last traded at $8.7080, with a volume of 803 shares changing hands.

Sumitomo Heavy Stock Performance

The company has a current ratio of 1.94, a quick ratio of 1.12 and a debt-to-equity ratio of 0.18. The stock has a market cap of $4.19 billion, a P/E ratio of 16.13 and a beta of 0.47. The firm’s 50-day simple moving average is $9.11 and its 200 day simple moving average is $8.60.

Sumitomo Heavy (OTCMKTS:SOHVY) last released its quarterly earnings results on Friday, October 30th. The company reported $0.19 earnings per share for the quarter. The company had revenue of $1.76 billion for the quarter. Sumitomo Heavy had a return on equity of 6.91% and a net margin of 3.45%.

Sumitomo Heavy Company Profile

Sumitomo Heavy Industries, Ltd. is a Japanese industrial manufacturer headquartered in Tokyo. The company traces its origins to a machinery-repair business established by the Sumitomo group in 1888 and has developed into a diversified supplier of equipment and systems for industrial customers worldwide.

Its products and services include power-transmission equipment, gearboxes, precision machinery, industrial robots, injection-molding machines, presses, semiconductor manufacturing equipment, laser-processing systems, and material-handling and logistics systems.