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

Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $10.44, but opened at $10.07. Shimano shares last traded at $10.35, with a volume of 13,882 shares changing hands.Shimano Stock Down 1.1%The firm's 50 day moving average is $10.82 and its two-hundred day moving average is $12.11. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 28.05 and a beta of 0.62. Shimano (OTCMKTS:SMNNY - Get Free Report) last issued its earnings results on Tuesday, October 28th. The company reported $0.09 EPS for the quarter. The company had revenue of $770.46 million during the quarter. Shimano had a return on equity of 5.93% and a net margin of 10.72%.Shimano Company Profile (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. Featured ArticlesFive stocks we like better than ShimanoDo ETFs Pay Dividends? What You Need to KnowNVIDIA’s $2B Power Play: Securing the Future of Chip DesignHow to Effectively Use the MarketBeat Ratings ScreenerInsiders Swarm Vertical Aerospace Stock Ahead of Make-or-Break RevealTSX Venture Exchange (Formerly Canadian Venture Exchange)Symbotic Reanimates Market, Long-Term Targets Are Back In FocusThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Shimano Right Now?Before you consider Shimano, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shimano wasn't on the list.While Shimano currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here