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Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Up - Should You Buy?

Sumitomo Heavy logo with Industrials background

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $5.01, but opened at $5.21. Sumitomo Heavy shares last traded at $5.21, with a volume of 250 shares changing hands.

Sumitomo Heavy Stock Up 4.0%

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.89 and a quick ratio of 1.08. The business's fifty day simple moving average is $5.09 and its two-hundred day simple moving average is $5.11. The company has a market cap of $2.50 billion, a PE ratio of 521.52 and a beta of 0.23.

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.09 earnings per share for the quarter. Sumitomo Heavy had a net margin of 0.04% and a return on equity of 4.30%. The company had revenue of $1.58 billion during the quarter.

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.

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