Sumitomo Electric Industries (OTCMKTS:SMTOY) Releases Quarterly Earnings Results

Sumitomo Electric Industries (OTCMKTS:SMTOY) posted its quarterly earnings results on Tuesday. The company reported $0.35 earnings per share (EPS) for the quarter, Zacks reports.

Sumitomo Electric Industries Stock Performance

OTCMKTS SMTOY traded down $0.30 during trading hours on Tuesday, hitting $18.15. 15,932 shares of the company’s stock traded hands, compared to its average volume of 11,597. Sumitomo Electric Industries has a 52 week low of $12.80 and a 52 week high of $21.51. The business’s fifty day moving average price is $18.31 and its two-hundred day moving average price is $16.82.

About Sumitomo Electric Industries

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.