Sumitomo Heavy Industries (OTCMKTS:SOHVY) Sets New 1-Year Low – What’s Next?

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.89 and last traded at $4.89, with a volume of 100 shares trading hands. The stock had previously closed at $5.30.

Sumitomo Heavy Industries Price Performance

The business’s 50 day moving average is $5.29 and its 200-day moving average is $5.82. The firm has a market capitalization of $2.54 billion, a P/E ratio of 19.15 and a beta of 0.21. The company has a quick ratio of 1.06, a current ratio of 1.98 and a debt-to-equity ratio of 0.17.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last posted its earnings results on Thursday, October 31st. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $1.69 billion for the quarter. Sumitomo Heavy Industries had a net margin of 2.08% and a return on equity of 6.28%.

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.