Shimano (OTCMKTS:SMNNY) Reaches New 52-Week Low – Time to Sell?

Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNYGet Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.15 and last traded at $10.35, with a volume of 131044 shares. The stock had previously closed at $10.38.

Shimano Stock Performance

The firm has a market cap of $9.10 billion, a PE ratio of 28.05 and a beta of 0.62. The business’s 50-day simple moving average is $11.12 and its 200 day simple moving average is $12.51.

Shimano (OTCMKTS:SMNNYGet Free Report) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.09 earnings per share (EPS) for the quarter. Shimano had a net margin of 10.72% and a return on equity of 5.93%. The firm had revenue of $770.46 million for the quarter.

About Shimano

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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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