Shimano (OTCMKTS:SMNNY) Shares Gap Up – Still a Buy?

Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY) gapped up prior to trading on Wednesday . The stock had previously closed at $10.65, but opened at $11.16. Shimano shares last traded at $10.87, with a volume of 5,052 shares trading hands.

Shimano Stock Performance

The company has a market capitalization of $9.29 billion, a PE ratio of 29.02 and a beta of 0.63. The stock has a 50 day moving average price of $10.46 and a two-hundred day moving average price of $11.22.

Shimano (OTCMKTS:SMNNY) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.09 EPS for the quarter. The firm had revenue of $770.46 million for the quarter. Shimano had a return on equity of 5.96% and a net margin of 10.72%.

Shimano Company Profile

Shimano Inc, traded over-the-counter under the symbol SMNNY, is a Japan-based manufacturer best known for its high-performance cycling components and fishing tackle. Headquartered in Sakai, Osaka, the company operates two primary business segments: bicycle parts and fishing equipment. Within the cycling segment, Shimano produces an extensive range of drivetrains, derailleurs, shifters, brake systems, wheelsets and pedals for road, mountain and urban bicycles, catering to both professional athletes and recreational riders.