Sumitomo Heavy (OTCMKTS:SOHVY) Trading Up 2.7% - Should You Buy?

Key Points

• Sumitomo Heavy's stock rose by 2.7%, closing at $6.11, despite a significant decline in trading volume.
• For the last quarter, the company reported $1.75 billion in revenue and $0.10 earnings per share, with a notable positive return on equity of 3.86%.
• The company's market capitalization stands at $2.93 billion, accompanied by a price-to-earnings ratio of -203.50, indicating financial challenges.

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report)'s share price was up 2.7% during mid-day trading on Wednesday . The company traded as high as $6.11 and last traded at $6.11. Approximately 206 shares changed hands during trading, a decline of 76% from the average daily volume of 856 shares. The stock had previously closed at $5.95.

Sumitomo Heavy Stock Up 2.7%

The business has a 50-day moving average price of $5.69 and a 200-day moving average price of $5.27. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -203.50 and a beta of 0.24. The company has a quick ratio of 1.08, a current ratio of 1.97 and a debt-to-equity ratio of 0.21.

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

About Sumitomo Heavy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.