Sumitomo Heavy Industries (SOHVY) Stock Rating Upgraded by Zacks Investment Research

Sumitomo Heavy Industries (OTCMKTS:SOHVY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Sumitomo Heavy Industries, Ltd. manufactures and markets heavy machinery. The Company’s operations include heavy machinery, shipbuilding, mass-production machinery, environmental equipment, and construction machinery divisions. Sumitomo Heavy Industries, Ltd. is headquartered in Tokyo, Japan. “

Sumitomo Heavy Industries (OTCMKTS:SOHVY) traded down $0.39 during trading on Wednesday, reaching $36.83. The company had a trading volume of 100 shares, compared to its average volume of 280. The firm has a market cap of $5,810.95, a price-to-earnings ratio of 53.18, a PEG ratio of 1.54 and a beta of -0.29. Sumitomo Heavy Industries has a 12-month low of $33.21 and a 12-month high of $37.22.

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