SMC (OTCMKTS:SMCAY) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of SMC (OTCMKTS:SMCAY) from a hold rating to a strong sell rating in a research note published on Wednesday morning,Zacks.com reports.

SMC Trading Up 1.1%

SMCAY opened at $19.76 on Wednesday. The stock has a fifty day moving average price of $18.09 and a 200 day moving average price of $17.09. SMC has a 1 year low of $14.30 and a 1 year high of $21.81. The stock has a market cap of $25.24 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 5.01 and a beta of 0.97.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $197.83 billion. SMC had a return on equity of 7.87% and a net margin of 19.72%. As a group, sell-side analysts forecast that SMC 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.