SMC (OTCMKTS:SMCAY) Cut to Hold at Zacks Research

Zacks Research downgraded shares of SMC (OTCMKTS:SMCAY) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

SMC Trading Down 0.4%

Shares of OTCMKTS:SMCAY opened at $22.78 on Monday. The company has a 50 day moving average of $21.70 and a 200-day moving average of $19.22. The firm has a market cap of $29.10 billion, a P/E ratio of 27.12, a P/E/G ratio of 3.63 and a beta of 1.01. SMC has a twelve month low of $14.30 and a twelve month high of $25.03.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $207.25 billion. SMC had a net margin of 19.41% and a return on equity of 7.80%. Equities research analysts forecast that SMC will post 0.79 EPS for the current 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.