SMC (OTCMKTS:SMCAY) Stock Jumps 4.5% – What’s Next?

Smc Corporation (OTCMKTS:SMCAY)’s share price traded up 4.5% during mid-day trading on Friday. The company traded as high as $22.10 and last traded at $22.00. 13,145 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 301,044 shares. The stock had previously closed at $21.0550.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SMCAY shares. Jefferies Financial Group raised SMC from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. Zacks Research raised SMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group lowered shares of SMC from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, SMC currently has a consensus rating of “Buy”.

SMC Trading Up 2.1%

The company has a market capitalization of $28.01 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.48 and a beta of 1.09. The company’s 50 day simple moving average is $22.22 and its 200-day simple moving average is $21.95.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.10. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.54 billion. SMC had a return on equity of 9.40% and a net margin of 21.94%. Sell-side analysts anticipate that Smc Corporation will post 1.1 EPS for the current year.

About SMC

SMC Corporation is a Japan-based manufacturer of pneumatic and automation equipment used in factory automation and industrial production systems. Its products help control the movement, pressure, flow and handling of air and other fluids in manufacturing processes.

The company’s product portfolio includes pneumatic cylinders and actuators, control valves, air-preparation equipment, fittings, tubing, vacuum equipment, sensors and related automation components. SMC also offers electric actuators and equipment for specialized applications, including process control, cleanroom manufacturing and material handling.

Founded in 1959 as Sintered Metal Corporation, the company adopted the name SMC Corporation in 1985.