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Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Up - Time to Buy?

Sumitomo Heavy logo with Industrials background

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report)'s share price gapped up before the market opened 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 traded.

Sumitomo Heavy Stock Up 4.0%

The company's 50 day moving average price is $5.09 and its two-hundred day moving average price is $5.12. The firm has a market cap of $2.50 billion, a PE ratio of 521.52 and a beta of 0.23. The company has a current ratio of 1.89, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

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

Sumitomo Heavy Company Profile

(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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