Sumitomo Heavy Industries (OTCMKTS:SOHVY) Trading 3.2% Higher – Here’s What Happened

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY)’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.

Sumitomo Heavy Industries Trading Up 3.2 %

The company has a fifty day simple moving average of $5.90 and a two-hundred day simple moving average of $6.55. The company has a current ratio of 1.98, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.98 billion, a PE ratio of 12.93 and a beta of 0.25.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) 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.