Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY – Get Free Report)’s share price traded up 3.2% during trading on Friday . The stock traded as high as $6.08 and last traded at $6.08. 341 shares changed hands during mid-day trading, an increase of 4,771% from the average session volume of 7 shares. The stock had previously closed at $5.89.
Wall Street Analysts Forecast Growth
Separately, Citigroup upgraded Sumitomo Heavy Industries to a “hold” rating in a report on Monday, August 26th.
View Our Latest Analysis on Sumitomo Heavy Industries
Sumitomo Heavy Industries Trading Up 3.2 %
Sumitomo Heavy Industries (OTCMKTS:SOHVY – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.13 EPS for the quarter. Sumitomo Heavy Industries had a return on equity of 8.00% and a net margin of 3.09%. The business had revenue of $1.70 billion for the quarter. Analysts anticipate that Sumitomo Heavy Industries, Ltd. will post 0.63 EPS for the current year.
About Sumitomo Heavy Industries
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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