Sumitomo Heavy Industries (OTCMKTS:SOHVY) Shares Down 6.1% – What’s Next?

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVYGet Free Report)’s share price traded down 6.1% during trading on Monday . The stock traded as low as $5.40 and last traded at $5.40. 1,837 shares traded hands during trading, an increase of 73% from the average session volume of 1,060 shares. The stock had previously closed at $5.75.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of Sumitomo Heavy Industries to a “hold” rating in a research report on Monday, August 26th.

Read Our Latest Analysis on Sumitomo Heavy Industries

Sumitomo Heavy Industries Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.98. The firm’s 50 day moving average is $5.97 and its 200-day moving average is $6.39.

Sumitomo Heavy Industries (OTCMKTS:SOHVYGet Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.13 EPS for the quarter. The firm had revenue of $1.70 billion during the quarter. Sumitomo Heavy Industries had a return on equity of 8.00% and a net margin of 3.09%.

About Sumitomo Heavy Industries

(Get Free Report)

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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