Shimano (OTCMKTS:SMNNY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Shimano Inc. experienced a significant increase in trading volume with 759,915 shares changing hands, representing a 229% rise from the previous session.
• The stock closed at $10.89, and has a market capitalization of $9.52 billion with a P/E ratio of 41.76.
• In its last earnings report, Shimano announced a loss of ($0.05) earnings per share for the quarter, while revenue was recorded at $857.43 million.

Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY - Get Free Report) shares saw strong trading volume on Monday . 759,915 shares changed hands during trading, an increase of 229% from the previous session's volume of 231,207 shares.The stock last traded at $10.89 and had previously closed at $10.80.

Shimano Stock Up 0.5%

The stock has a 50 day simple moving average of $12.09 and a two-hundred day simple moving average of $13.42. The stock has a market capitalization of $9.52 billion, a P/E ratio of 41.76 and a beta of 0.58.

Shimano (OTCMKTS:SMNNY - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported ($0.05) earnings per share for the quarter. Shimano had a net margin of 7.53% and a return on equity of 4.23%. The firm had revenue of $857.43 million during the quarter. Shimano has set its FY 2025 guidance at 2.410-2.410 EPS.

About Shimano

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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