SMC (OTCMKTS:SMCAY) Shares Gap Up – Time to Buy?

Shares of Smc Corporation (OTCMKTS:SMCAY) gapped up before the market opened on Friday . The stock had previously closed at $15.09, but opened at $15.71. SMC shares last traded at $15.20, with a volume of 1,101,227 shares trading hands.

SMC Stock Performance

The firm has a market cap of $19.58 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 2.46 and a beta of 1.00. The business has a 50 day simple moving average of $17.25 and a 200-day simple moving average of $17.63.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings results on Friday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $202.86 billion. SMC had a net margin of 18.00% and a return on equity of 7.38%. As a group, research analysts anticipate that Smc Corporation will post 0.79 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.