SMC (OTCMKTS:SMCAY) Shares Gap Down – Should You Sell?

Smc Corporation (OTCMKTS:SMCAY) gapped down prior to trading on Monday . The stock had previously closed at $18.62, but opened at $17.10. SMC shares last traded at $17.75, with a volume of 61,961 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded SMC from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

SMC Price Performance

The stock’s 50 day moving average is $16.50 and its 200-day moving average is $17.02. The company has a market capitalization of $22.60 billion, a P/E ratio of 23.59, a P/E/G ratio of 3.95 and a beta of 1.04.

SMC (OTCMKTS:SMCAY) last posted its earnings results on Thursday, November 13th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $197.83 billion. SMC had a return on equity of 7.31% and a net margin of 18.00%. On average, equities research analysts anticipate that Smc Corporation will post 0.79 EPS for the current year.

About SMC

SMC Corporation manufactures, processes, and sells automatic control equipment, sintered filters, and various types of filtration equipment worldwide. The company offers air management system, directional control valves, air cylinders, rotatory actuators/air grippers, electric actuators/cylinders, fitting and tubing, and modular F.R.L./pressure control equipment, as well as vacuum, air preparation, and lubrication equipment.