Sumitomo Heavy Industries (OTCMKTS:SOHVY) Reaches New 1-Year Low – Here’s Why

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

Sumitomo Heavy Industries Trading Down 7.7 %

The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 18.11 and a beta of 0.21. The business’s 50 day moving average is $5.34 and its 200 day moving average is $5.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.98 and a quick ratio of 1.06.

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

Sumitomo Heavy Industries Company Profile

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.