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SUMITOMO HEAVY (OTCMKTS:SOHVY) Shares Gap Up - What's Next?

SUMITOMO HEAVY logo with Industrials background

SUMITOMO HEAVY (OTCMKTS:SOHVY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $4.95, but opened at $5.35. SUMITOMO HEAVY shares last traded at $5.35, with a volume of 243 shares.

Sumitomo Heavy Price Performance

The stock has a market capitalization of $2.57 billion, a P/E ratio of 535.54 and a beta of 0.23. The company's 50 day simple moving average is $5.14 and its two-hundred day simple moving average is $5.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.89 and a quick ratio of 1.08.

SUMITOMO HEAVY (OTCMKTS:SOHVY - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $1.58 billion during 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.

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