SMC (OTCMKTS:SMCAY) Upgraded at Zacks Research

Zacks Research upgraded shares of SMC (OTCMKTS:SMCAY) from a strong sell rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

SMC Stock Performance

OTCMKTS:SMCAY opened at $23.26 on Monday. The stock has a market cap of $29.71 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 4.03 and a beta of 0.97. SMC has a 1 year low of $14.30 and a 1 year high of $24.05. The business has a fifty day moving average of $19.46 and a 200-day moving average of $17.58.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. SMC had a net margin of 19.41% and a return on equity of 7.83%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $207.25 billion. On average, equities research analysts predict that SMC will post 0.79 EPS 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. 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.