Shimano (OTCMKTS:SMNNY) Sees Large Volume Increase – Should You Buy?
by Danessa Lincoln · The Markets DailyShimano Inc. Unsponsored ADR (OTCMKTS:SMNNY – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 612,818 shares changed hands during mid-day trading, an increase of 345% from the previous session’s volume of 137,714 shares.The stock last traded at $10.83 and had previously closed at $10.49.
Shimano Price Performance
The company’s 50-day simple moving average is $10.43 and its 200 day simple moving average is $11.52. The firm has a market cap of $9.38 billion, a P/E ratio of 29.30 and a beta of 0.63.
Shimano (OTCMKTS:SMNNY – Get Free Report) last posted its earnings results on Tuesday, October 28th. The company reported $0.09 earnings per share for the quarter. Shimano had a net margin of 10.72% and a return on equity of 5.96%. The firm had revenue of $770.46 million for the quarter.
About Shimano
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.