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

Shares of Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNYGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $10.62, but opened at $10.3201. Shimano shares last traded at $10.6537, with a volume of 63,270 shares changing hands.

Shimano Trading Down 0.0%

The firm has a market capitalization of $9.20 billion, a P/E ratio of 28.75 and a beta of 0.63. The stock has a 50 day simple moving average of $10.62 and a 200-day simple moving average of $11.83.

Shimano (OTCMKTS:SMNNYGet Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.09 earnings per share (EPS) for the quarter. The company 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%.

Shimano Company Profile

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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.

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