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

Smc Corporation (OTCMKTS:SMCAY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $23.10, but opened at $24.08. SMC shares last traded at $23.79, with a volume of 7,513 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised SMC from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

SMC Trading Up 4.4%

The firm has a market capitalization of $30.81 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 4.08 and a beta of 0.97. The firm has a 50-day moving average of $19.68 and a two-hundred day moving average of $17.67.

SMC (OTCMKTS:SMCAY) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. SMC had a return on equity of 7.83% and a net margin of 19.41%.The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $207.25 billion. Equities research analysts expect 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.