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Shimano (OTCMKTS:SMNNY) Shares Gap Down - Here's Why

Shimano logo with Consumer Discretionary background

Key Points

  • S Shimano Inc. shares gapped down on Tuesday, opening at $13.25 after closing at $14.38 the previous day, with the last traded price at $13.29.
  • The company reported a quarterly earnings loss of ($0.05) EPS, along with a net margin of 13.34% and a return on equity of 7.23%.
  • Shimano focuses on developing and distributing bicycle components, fishing tackles, and rowing equipment across multiple global regions.
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Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $14.38, but opened at $13.25. Shimano shares last traded at $13.29, with a volume of 13,394 shares changing hands.

Shimano Stock Up 1.1%

The company has a market capitalization of $9.69 billion, a PE ratio of 42.49 and a beta of 0.61. The stock's fifty day moving average price is $13.98 and its two-hundred day moving average price is $13.96.

Shimano (OTCMKTS:SMNNY - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.05) earnings per share (EPS) 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 for 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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