SMC (OTCMKTS:SMCAY) Downgraded by Credit Suisse Group to Neutral

Credit Suisse Group cut shares of SMC (OTCMKTS:SMCAY – Get Rating) from an outperform rating to a neutral rating in a research report released on Tuesday morning, The Fly reports.

SMC Stock Down 1.9 %

SMC stock opened at $25.96 on Tuesday. SMC has a 52-week low of $18.52 and a 52-week high of $29.65. The firm has a fifty day moving average of $24.34 and a 200-day moving average of $22.83. The firm has a market capitalization of $33.92 billion, a P/E ratio of 18.15 and a beta of 0.96.

SMC Company Profile

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SMC Corp. engages in the manufacture, processing, and sale of automatic control equipment. It also manufactures and sells sintered filters and various types of filtration equipment. It operates through the Automatic Control Equipment and Others segments. The Automatic Control Equipment segment handles the manufacture and sale of air preparation equipment, pressure control equipment, directional control valves, and actuators.