Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY – Get Free Report) traded up 18.8% on Monday. The stock traded as high as $4.67 and last traded at $4.67. 161,305 shares traded hands during trading, a decline of 78% from the average daily volume of 740,095 shares. The stock had previously closed at $3.93.
Sumitomo Electric Industries Price Performance
The firm has a market capitalization of $27.95 billion, a PE ratio of 10.00 and a beta of 1.16. The business has a 50-day simple moving average of $6.47 and a 200-day simple moving average of $38.44.
Sumitomo Electric Industries (OTCMKTS:SMTOY – Get Free Report) last announced its earnings results on Friday, October 30th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.50 billion.
Sumitomo Electric Industries Company Profile
Sumitomo Electric Industries, Ltd. is a Japanese manufacturer of electric wire and cable and a broad range of related products. Founded in 1897, the company traces its origins to copper-wire production and is headquartered in Osaka, Japan. Its businesses include automotive components such as wiring harnesses; information and communications products such as optical fiber and cables; power cables and other energy-related equipment; and industrial materials, including cutting tools and components made from advanced materials.
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