SMC (OTCMKTS:SMCAY) Shares Gap Up – Still a Buy?

Smc Corporation (OTCMKTS:SMCAY) gapped up prior to trading on Tuesday . The stock had previously closed at $21.76, but opened at $23.66. SMC shares last traded at $23.7350, with a volume of 903 shares traded.

Analyst Ratings Changes

A number of research firms recently issued reports on SMCAY. Jefferies Financial Group raised SMC from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group lowered SMC from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Finally, Zacks Research lowered SMC from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

SMC Stock Up 5.6%

The company’s 50-day simple moving average is $21.64 and its 200 day simple moving average is $21.77. The company has a market capitalization of $30.40 billion, a P/E ratio of 27.05, a P/E/G ratio of 2.23 and a beta of 1.10.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. SMC had a net margin of 19.84% and a return on equity of 8.15%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. As a group, equities research analysts forecast that Smc Corporation will post 0.93 earnings per share 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.