SMC (OTCMKTS:SMCAY) Reaches New 12-Month High – Here’s What Happened

Smc Corporation (OTCMKTS:SMCAY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $24.05 and last traded at $23.68, with a volume of 43879 shares traded. The stock had previously closed at $23.47.

Analysts Set New Price Targets

Separately, Zacks Research cut SMC from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SMC presently has a consensus rating of “Sell”.

SMC Price Performance

The stock has a market capitalization of $30.46 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 3.97 and a beta of 0.97. The business has a fifty day moving average of $19.25 and a 200 day moving average of $17.50.

SMC (OTCMKTS:SMCAY) last posted its earnings results on Thursday, February 12th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $207.25 billion. SMC had a return on equity of 7.83% and a net margin of 19.41%. On average, equities research analysts expect that Smc Corporation will post 0.79 EPS for the current year.

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.