Sumitomo Electric Industries (OTCMKTS:SMTOY) Sets New 12-Month Low – Should You Sell?

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY)’s share price hit a new 52-week low on Thursday. The stock traded as low as $4.30 and last traded at $4.31, with a volume of 876,333 shares trading hands. The stock had previously closed at $5.09.

Sumitomo Electric Industries Stock Up 12.7%

The stock has a market capitalization of $28.14 billion, a PE ratio of 10.07 and a beta of 1.16. The company has a 50-day moving average of $6.55 and a 200 day moving average of $38.82.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last released its earnings results on Friday, October 30th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.50 billion.

Sumitomo Electric Industries Company Profile

Sumitomo Electric Industries, Ltd. is a Japanese manufacturer of electric wire and cable and a broad range of related products. Founded in 1897, the company traces its origins to copper-wire production and is headquartered in Osaka, Japan.

Its businesses include automotive components such as wiring harnesses; information and communications products such as optical fiber and cables; power cables and other energy-related equipment; and industrial materials, including cutting tools and components made from advanced materials.

Sumitomo Electric serves customers in Japan and international markets through manufacturing and sales operations around the world.