Sumitomo Heavy (OTCMKTS:SOHVY) Issues Earnings Results

Sumitomo Heavy (OTCMKTS:SOHVY) posted its quarterly earnings results on Friday. The company reported $0.19 earnings per share for the quarter, Zacks reports. The business had revenue of $1.76 billion for the quarter. Sumitomo Heavy had a return on equity of 6.18% and a net margin of 3.59%.

Sumitomo Heavy Trading Down 4.7%

Shares of OTCMKTS:SOHVY opened at $8.18 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.94 and a debt-to-equity ratio of 0.18. Sumitomo Heavy has a 52-week low of $6.28 and a 52-week high of $10.16. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 14.61 and a beta of 0.42. The business has a 50-day moving average price of $9.14 and a 200-day moving average price of $8.59.

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.