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Sumitomo Heavy (OTCMKTS:SOHVY) Sees Large Volume Increase - What's Next?

Sumitomo Heavy logo with Industrials background

Key Points

  • Sumitomo Heavy experienced a dramatic 576% increase in trading volume, with 10,019 shares traded compared to 1,482 shares the previous session.
  • The company's latest quarterly earnings revealed an EPS of $0.10 and revenue of $1.75 billion.
  • Currently, Sumitomo Heavy has a market cap of $2.82 billion and a price-to-earnings ratio of -195.50, indicating a challenging profitability outlook.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) saw strong trading volume on Tuesday . 10,019 shares traded hands during trading, an increase of 576% from the previous session's volume of 1,482 shares.The stock last traded at $5.87 and had previously closed at $5.93.

Sumitomo Heavy Trading Down 1.1%

The company has a market cap of $2.82 billion, a price-to-earnings ratio of -195.50 and a beta of 0.23. The business's fifty day moving average price is $5.47 and its 200 day moving average price is $5.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.97 and a quick ratio of 1.08.

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.10 EPS for the quarter. The company had revenue of $1.75 billion for the quarter. Sumitomo Heavy had a negative net margin of 0.29% and a positive return on equity of 3.86%.

About Sumitomo Heavy

(Get Free Report)

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.

Further Reading

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