Sumitomo Heavy Industries (OTCMKTS:SOHVY) Shares Down 4.4%

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY)’s stock price traded down 4.4% on Thursday . The company traded as low as $7.06 and last traded at $7.06. 1,900 shares traded hands during mid-day trading, an increase of 271,329% from the average session volume of 1 shares. The stock had previously closed at $7.38.

Sumitomo Heavy Industries Trading Down 4.4 %

The stock’s fifty day moving average is $7.30 and its two-hundred day moving average is $6.52. The company has a quick ratio of 0.98, a current ratio of 1.75 and a debt-to-equity ratio of 0.12.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $2.09 billion for the quarter. Sumitomo Heavy Industries had a net margin of 3.09% and a return on equity of 8.27%. On average, analysts expect 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.