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Sumitomo Heavy (OTCMKTS:SOHVY) Shares Up 4% - Here's What Happened

Sumitomo Heavy logo with Industrials background

Shares of Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) shot up 4% during mid-day trading on Tuesday . The company traded as high as $5.21 and last traded at $5.21. 250 shares were traded during mid-day trading, an increase of 114% from the average session volume of 117 shares. The stock had previously closed at $5.01.

Sumitomo Heavy Price Performance

The company has a market cap of $2.50 billion, a PE ratio of 521.52 and a beta of 0.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.89. The stock has a 50 day moving average of $5.09 and a 200-day moving average of $5.12.

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

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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