Sumitomo Heavy (OTCMKTS:SOHVY) Reaches New 52-Week High – What’s Next?

Sumitomo Heavy (OTCMKTS:SOHVY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $7.6480 and last traded at $7.6480, with a volume of 2000 shares changing hands. The stock had previously closed at $7.50.

Sumitomo Heavy Stock Up 2.0%

The company has a current ratio of 1.95, a quick ratio of 1.06 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $6.84 and its 200 day moving average is $6.22. The company has a market cap of $3.68 billion, a PE ratio of 109.26 and a beta of 0.20.

Sumitomo Heavy (OTCMKTS:SOHVY) last announced its earnings results on Friday, October 31st. The company reported $0.11 earnings per share for the quarter. Sumitomo Heavy had a net margin of 0.36% and a return on equity of 4.86%. The company had revenue of $1.75 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.