Citigroup upgraded shares of Sumitomo Heavy Industries (OTCMKTS:SOHVY – Free Report) to a hold rating in a research note issued to investors on Monday, Zacks.com reports.
Sumitomo Heavy Industries Stock Performance
Shares of OTCMKTS SOHVY opened at $5.89 on Monday. The company has a market cap of $2.88 billion, a P/E ratio of 12.52 and a beta of 0.25. Sumitomo Heavy Industries has a 52-week low of $5.05 and a 52-week high of $7.67. The firm’s fifty day moving average is $6.21 and its two-hundred day moving average is $6.76.
Sumitomo Heavy Industries (OTCMKTS:SOHVY – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter. Sumitomo Heavy Industries had a net margin of 3.09% and a return on equity of 8.01%. The company had revenue of $1.70 billion for the quarter. As a group, analysts forecast that Sumitomo Heavy Industries will post 0.63 EPS for the current fiscal year.
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.
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