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

Shares of Smc Corporation (OTCMKTS:SMCAY) gapped up prior to trading on Wednesday . The stock had previously closed at $17.20, but opened at $17.87. SMC shares last traded at $17.11, with a volume of 66,897 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of SMC from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

SMC Stock Down 0.5%

The firm has a market cap of $21.86 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 5.02 and a beta of 0.95. The company’s 50-day moving average price is $17.48 and its 200-day moving average price is $16.94.

SMC (OTCMKTS:SMCAY) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $197.83 billion. SMC had a net margin of 19.72% and a return on equity of 7.87%. On average, sell-side analysts predict that Smc Corporation will post 0.79 earnings per share for the current fiscal 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. It also provides flow control equipment, speed controllers, silencers/exhaust/blow guns/pressure gauges, switches/sensors/controllers, static neutralization equipment, and industrial device communication equipment/wireless system.