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

by · The Cerbat Gem

Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY – Get Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $10.44, but opened at $10.07. Shimano shares last traded at $10.35, with a volume of 13,882 shares changing hands.

Shimano Stock Down 1.1%

The firm’s 50 day moving average is $10.82 and its two-hundred day moving average is $12.11. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 28.05 and a beta of 0.62.

Shimano (OTCMKTS:SMNNY – Get Free Report) last issued its earnings results on Tuesday, October 28th. The company reported $0.09 EPS for the quarter. The company had revenue of $770.46 million during the quarter. Shimano had a return on equity of 5.93% and a net margin of 10.72%.

Shimano Company Profile

(Get Free Report)

Shimano Inc develops, produces, and distributes bicycle components, fishing tackles, and rowing equipment. It has operations in Japan, Asia, Europe, North America, Latin America, and Oceania. Shimano Inc was founded in 1921 and is headquartered in Sakai, Japan.

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