Sumitomo Heavy (OTCMKTS:SOHVY) Posts Earnings Results

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

Sumitomo Heavy Stock Performance

SOHVY traded up $1.81 during trading hours on Thursday, reaching $9.79. The company’s stock had a trading volume of 517 shares, compared to its average volume of 1,353. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.92. The company’s 50-day moving average is $8.15 and its 200-day moving average is $8.34. Sumitomo Heavy has a 52 week low of $5.59 and a 52 week high of $10.16. The firm has a market cap of $4.71 billion, a PE ratio of 17.48 and a beta of 0.40.

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.