Shimano (OTCMKTS:SMNNY) Shares Gap Down – Should You Sell?

Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNYGet Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $9.87, but opened at $9.38. Shimano shares last traded at $9.5875, with a volume of 62,679 shares changing hands.

Shimano Stock Down 3.3%

The firm’s 50 day moving average is $10.99 and its 200-day moving average is $12.34. The firm has a market cap of $8.37 billion, a PE ratio of 25.80 and a beta of 0.62.

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

About Shimano

(Get Free Report)

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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