SMC (OTCMKTS:SMCAY) Upgraded at Zacks Research

Zacks Research upgraded shares of SMC (OTCMKTS:SMCAY) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

SMC Stock Up 0.2%

Shares of SMC stock opened at $17.27 on Monday. The stock has a market cap of $22.06 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 3.94 and a beta of 1.03. The business has a fifty day simple moving average of $15.91 and a 200-day simple moving average of $16.85. SMC has a 12 month low of $14.30 and a 12 month high of $22.99.

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