SMC (OTCMKTS:SMCAY) Shares Gap Up – What’s Next?

Smc Corporation (OTCMKTS:SMCAY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $17.20, but opened at $17.87. SMC shares last traded at $17.11, with a volume of 66,897 shares changing hands.

Analyst Upgrades and Downgrades

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

SMC Trading Down 0.5%

The business’s 50 day simple moving average is $17.48 and its two-hundred day simple moving average is $16.94. The firm has a market capitalization of $21.87 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 5.05 and a beta of 0.95.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $197.83 billion. SMC had a return on equity of 7.87% and a net margin of 19.72%. As a group, equities research analysts anticipate that Smc Corporation will post 0.79 earnings per share 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. It also provides flow control equipment, speed controllers, silencers/exhaust/blow guns/pressure gauges, switches/sensors/controllers, static neutralization equipment, and industrial device communication equipment/wireless system.