Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY – Get Free Report) shares shot up 3.6% during mid-day trading on Monday . The company traded as high as $16.59 and last traded at $16.57. 10,100 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 12,112 shares. The stock had previously closed at $15.99.
Sumitomo Electric Industries Stock Performance
The company has a 50 day moving average price of $15.34 and a 200 day moving average price of $15.42.
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.
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