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

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY)’s stock price was down 1.2% during mid-day trading on Wednesday . The company traded as low as $19.89 and last traded at $19.89. Approximately 13,950 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 12,379 shares. The stock had previously closed at $20.14.

Sumitomo Electric Industries Stock Down 1.2 %

The stock has a 50 day simple moving average of $16.92 and a 200-day simple moving average of $16.13.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last released its earnings results on Friday, November 1st. The company reported $0.37 earnings per share for the quarter. The company 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.