SMC (OTCMKTS:SMCAY) Stock Price Down 2.3% – Here’s Why

Smc Corporation (OTCMKTS:SMCAY) was down 2.3% during mid-day trading on Tuesday . The company traded as low as $16.77 and last traded at $17.15. Approximately 221,893 shares changed hands during trading, a decline of 56% from the average daily volume of 506,299 shares. The stock had previously closed at $17.55.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of SMC from a “hold” rating to a “strong sell” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SMC presently has an average rating of “Sell”.

SMC Price Performance

The stock has a market cap of $21.91 billion, a PE ratio of 22.87, a P/E/G ratio of 4.01 and a beta of 1.03. The firm’s 50 day moving average price is $15.79 and its two-hundred day moving average price is $16.82.

SMC (OTCMKTS:SMCAY) last posted its earnings results on Friday, August 8th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $202.86 billion. SMC had a return on equity of 7.31% and a net margin of 18.00%. Analysts anticipate that Smc Corporation will post 0.79 earnings per share for the current 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.