Shares of Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY – Get Free Report) reached a new 52-week low during trading on Thursday. The company traded as low as $4.30 and last traded at $4.31, with a volume of 876,333 shares changing hands. The stock had previously closed at $5.09.
Sumitomo Electric Industries Price Performance
The business has a fifty day moving average price of $6.67 and a two-hundred day moving average price of $39.19. The firm has a market cap of $25.88 billion, a PE ratio of 9.26 and a beta of 1.06.
Sumitomo Electric Industries (OTCMKTS:SMTOY – Get Free Report) last released its quarterly earnings data on Friday, October 30th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.50 billion.
About Sumitomo Electric Industries
Sumitomo Electric Industries, Ltd. is a Japan-based diversified manufacturer that develops and supplies products used in the automotive, information and communications, electronics, energy, and industrial materials sectors. The company traces its origins to 1897, when it began manufacturing copper wire, and has expanded into a global technology and materials business.
Its automotive products include wiring harnesses, connectors, and related electrical components. In the information and communications field, Sumitomo Electric provides optical fiber, fiber-optic cables, network equipment, and other technologies used in telecommunications infrastructure.
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