MINEBEA MITSUMI (OTCMKTS:MNBEY) Stock Price Passes Below 50 Day Moving Average of $35.13

MINEBEA MITSUMI Inc. (OTCMKTS:MNBEYGet Rating)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $35.13 and traded as low as $32.62. MINEBEA MITSUMI shares last traded at $33.02, with a volume of 21,858 shares trading hands.

MINEBEA MITSUMI Stock Down 0.5 %

The firm’s 50-day simple moving average is $35.13 and its 200 day simple moving average is $37.25. The company has a market cap of $7.05 billion, a P/E ratio of 12.14 and a beta of 0.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 1.40.

MINEBEA MITSUMI (OTCMKTS:MNBEYGet Rating) last issued its earnings results on Friday, August 5th. The company reported $0.40 EPS for the quarter. The company had revenue of $1.94 billion during the quarter. MINEBEA MITSUMI had a net margin of 5.83% and a return on equity of 12.72%. On average, research analysts forecast that MINEBEA MITSUMI Inc. will post 3.12 earnings per share for the current fiscal year.

MINEBEA MITSUMI Company Profile

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MinebeaMitsumi Inc manufactures and supplies machined components, and electronic devices and components in Japan, Europe, the United States, Asia, and internationally. It operates through four segments: Machined Components, Electronic Devices and Components, MITSUMI Business, and U-Shin business segment.

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