Sumitomo Heavy Industries (OTCMKTS:SOHVY) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.15 and traded as low as $5.00. Sumitomo Heavy Industries shares last traded at $5.00, with a volume of 100 shares changing hands.

Sumitomo Heavy Industries Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.84 and a quick ratio of 0.98. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 71.43 and a beta of 0.15. The firm has a 50 day moving average price of $5.14 and a 200-day moving average price of $5.49.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last released its earnings results on Friday, February 14th. The company reported $0.14 earnings per share for the quarter. Sumitomo Heavy Industries had a return on equity of 5.42% and a net margin of 0.73%. The firm had revenue of $1.96 billion for the quarter.

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.