Sumitomo Heavy (OTCMKTS:SOHVY) Shares Gap Up - Still a Buy?

Key Points

• Sumitomo Heavy's stock price gapped up, opening at $7.30 compared to the previous close of $6.90, with a trading volume of 383 shares.
• The company has a market cap of $3.65 billion and reported $1.75 billion in revenue for the most recent quarter, with earnings per share of $0.10.
• Despite a positive return on equity of 3.86%, Sumitomo Heavy has a negative net margin of 0.29% and a significantly high price-to-earnings ratio of -253.33.

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $6.90, but opened at $7.30. Sumitomo Heavy shares last traded at $7.30, with a volume of 383 shares.

Sumitomo Heavy Price Performance

The stock has a market cap of $3.65 billion, a price-to-earnings ratio of -253.33 and a beta of 0.24. The company has a 50-day simple moving average of $5.81 and a two-hundred day simple moving average of $5.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.08 and a current ratio of 1.97.

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

Sumitomo Heavy Company Profile

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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