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

Key Points

• Shares gapped up pre-market to $8.50 from a $8.06 close, but trading volume was extremely light with just 100 shares reported at that price.
• The company has a market capitalization of $4.01 billion and a P/E of 18.15, with a low beta of 0.33 and its 50-day simple moving average ($8.43) sitting above the 200-day SMA ($7.59).
• In the most recent quarter Sumitomo Heavy reported EPS $999.00 on $1.63 billion in revenue, while profitability metrics remain modest (net margin 2.98%, ROE 4.87%).

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $8.06, but opened at $8.50. Sumitomo Heavy shares last traded at $8.50, with a volume of 100 shares trading hands.

Sumitomo Heavy Trading Down 0.7%

The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 18.15 and a beta of 0.33. The business's 50-day simple moving average is $8.43 and its two-hundred day simple moving average is $7.59. The company has a quick ratio of 1.12, a current ratio of 1.92 and a debt-to-equity ratio of 0.19.

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $999.00 earnings per share for the quarter. Sumitomo Heavy had a net margin of 2.98% and a return on equity of 4.87%. The business had revenue of $1.63 billion during the quarter.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. OTCMKTS: SOHVY is a Japanese multinational manufacturer specializing in a broad range of industrial machinery and heavy equipment. Headquartered in Tokyo, the company operates as a core member of the Sumitomo Group, a major keiretsu with roots dating back to the early Meiji era. Sumitomo Heavy serves diverse markets by developing and producing advanced systems for material processing, energy generation, environmental management and transportation.

The company's product portfolio encompasses industrial machinery such as metal‐forming presses, injection molding machines and power transmission systems.

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