Sumitomo Heavy (OTCMKTS:SOHVY) Announces Earnings Results

Key Points

• Sumitomo Heavy reported earnings of $0.10 per share for the quarter, with a net margin of 0.04% and a return on equity of 4.32%.
• The company's stock price remained stable at $5.30, with a market capitalization of $2.55 billion and a P/E ratio of 530.53.
• Sumitomo Heavy Industries operates in the manufacturing of various types of machinery, including construction machinery and advanced precision machinery, both in Japan and internationally.

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, Zacks reports. Sumitomo Heavy had a positive return on equity of 3.89% and a negative net margin of 0.29%. The firm had revenue of $1.75 billion during the quarter.

Sumitomo Heavy Stock Performance

SOHVY stock remained flat at $5.30 during mid-day trading on Friday. The company has a current ratio of 1.83, a quick ratio of 1.03 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average of $5.20 and a 200-day moving average of $5.15. Sumitomo Heavy has a 52-week low of $4.66 and a 52-week high of $6.47. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of -176.67 and a beta of 0.22.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. Its Mechatronics segment offers gearmotors, gearboxes, motion control drives, motors and inverters, drive solutions, precision positioning equipment, laser systems, control systems, motion components, and collaborative robot.