Shimano (OTCMKTS:SMNNY) Sees Large Volume Increase - What's Next?

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.

Shares of Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY - Get Free Report) saw strong trading volume on Friday . 304,610 shares changed hands during 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 Trading Up 1.8%

The stock has a market capitalization of $9.94 billion, a PE ratio of 43.58 and a beta of 0.56. The firm has a 50 day moving average price of $13.60 and a 200 day moving average price of $13.85.

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

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.