Shimano (OTCMKTS:SMNNY) Shares Gap Down – Here’s What Happened

Shares of Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNYGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $10.74, but opened at $10.32. Shimano shares last traded at $10.6612, with a volume of 4,746 shares.

Shimano Price Performance

The company’s 50-day moving average price is $10.44 and its two-hundred day moving average price is $11.34. The company has a market capitalization of $9.17 billion, a P/E ratio of 28.65 and a beta of 0.63.

Shimano (OTCMKTS:SMNNYGet Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.09 EPS for the quarter. The business had revenue of $770.46 million for the quarter. Shimano had a net margin of 10.72% and a return on equity of 5.96%.

About Shimano

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Shimano Inc, traded over-the-counter under the symbol SMNNY, is a Japan-based manufacturer best known for its high-performance cycling components and fishing tackle. Headquartered in Sakai, Osaka, the company operates two primary business segments: bicycle parts and fishing equipment. Within the cycling segment, Shimano produces an extensive range of drivetrains, derailleurs, shifters, brake systems, wheelsets and pedals for road, mountain and urban bicycles, catering to both professional athletes and recreational riders.

Further Reading

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