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

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 stock has a market capitalization of $9.19 billion, a price-to-earnings ratio of 28.72 and a beta of 0.63. The business has a fifty day moving average of $10.42 and a 200-day moving average of $11.37.

Shimano (OTCMKTS:SMNNYGet Free Report) last released 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 business had revenue of $770.46 million for the quarter.

About Shimano

(Get Free Report)

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.

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