Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY - Get Free Report) shares were up 3.2% during mid-day trading on Friday . The company traded as high as $6.08 and last traded at $6.08. Approximately 341 shares changed hands during mid-day trading, an increase of 4,771% from the average daily volume of 7 shares. The stock had previously closed at $5.89.
Analysts Set New Price Targets
Separately, Citigroup raised Sumitomo Heavy Industries to a "hold" rating in a report on Monday, August 26th.
Get Our Latest Analysis on SOHVY
Sumitomo Heavy Industries Price Performance
The stock's fifty day moving average price is $5.89 and its two-hundred day moving average price is $6.54. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.13 earnings per share for the quarter. Sumitomo Heavy Industries had a net margin of 3.09% and a return on equity of 8.00%. The business had revenue of $1.70 billion during the quarter.
About Sumitomo Heavy Industries
(
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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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