Sumitomo Electric Industries (OTCMKTS:SMTOY) Trading Down 1.2% – Here’s What Happened

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY)’s share price fell 1.2% during trading on Wednesday . The company traded as low as $19.89 and last traded at $19.89. 13,950 shares were traded during trading, an increase of 13% from the average session volume of 12,379 shares. The stock had previously closed at $20.14.

Sumitomo Electric Industries Price Performance

The firm has a 50-day moving average price of $16.99 and a two-hundred day moving average price of $16.16.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $7.61 billion for the quarter.

Sumitomo Electric Industries Company Profile

Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. It operates through Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others segments. The company offers wiring harnesses and electrical components; steel cords for tire reinforcement; steel wires for springs; wiring materials; optical lenses for infrared devices; abrasion-resistant parts/materials; heat shrink and heat-resistant tubing/tapes; magnet and aluminum bars/wires; products for electronic devices; sintered parts; and EV quick-charger connector assemblies.