SMC (OTCMKTS:SMCAY) Shares Gap Down – Here’s What Happened

Smc Corporation (OTCMKTS:SMCAY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $21.47, but opened at $20.50. SMC shares last traded at $21.1060, with a volume of 34,290 shares.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Zacks Research upgraded SMC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Jefferies Financial Group raised SMC from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. Finally, The Goldman Sachs Group cut SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

SMC Trading Down 1.7%

The firm’s 50-day moving average is $22.49 and its 200-day moving average is $22.12. The firm has a market cap of $27.12 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 1.48 and a beta of 1.09.

SMC (OTCMKTS:SMCAY) last posted its earnings results on Friday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.54 billion. SMC had a net margin of 21.94% and a return on equity of 9.40%. Analysts forecast that Smc Corporation will post 1.1 EPS for the current fiscal 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.