SMC (OTCMKTS:SMCAY) Announces Earnings Results

SMC (OTCMKTS:SMCAY) posted its quarterly earnings results on Thursday. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03, Zacks reports. SMC had a return on equity of 7.87% and a net margin of 19.72%.

SMC Stock Up 4.1%

SMC stock traded up $0.92 during midday trading on Thursday, reaching $23.22. 232,876 shares of the stock traded hands, compared to its average volume of 305,724. The stock has a market cap of $29.66 billion, a P/E ratio of 27.64, a PEG ratio of 5.66 and a beta of 0.97. The stock’s fifty day moving average is $18.95 and its 200-day moving average is $17.39. SMC has a 12 month low of $14.30 and a 12 month high of $23.41.

Analysts Set New Price Targets

Separately, Zacks Research downgraded SMC from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

SMC Company Profile

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.