Shimano (OTCMKTS:SMNNY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Shimano Inc. shares experienced a 26% increase in trading volume, with 304,610 shares traded, as the stock dipped 1.8% to $11.19.
• The company reported a quarterly revenue of $857.43 million and a loss of $0.05 in earnings per share (EPS) for the latest quarter.
• Shimano has a market capitalization of $9.78 billion and a P/E ratio of 42.89, highlighting its position in the market.

Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 304,610 shares traded hands during mid-day trading, an increase of 26% from the previous session's volume of 241,098 shares.The stock last traded at $11.19 and had previously closed at $11.35.

Shimano Stock Performance

The firm has a market capitalization of $9.79 billion, a PE ratio of 42.92 and a beta of 0.56. The company has a fifty day simple moving average of $13.67 and a two-hundred day simple moving average of $13.86.

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

Shimano Company Profile

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.