SMC (OTCMKTS:SMCAY) Shares Gap Down – Time to Sell?

Smc Corporation (OTCMKTS:SMCAY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $18.40, but opened at $17.70. SMC shares last traded at $17.60, with a volume of 7,242 shares trading hands.

Wall Street Analyst Weigh In

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

SMC Price Performance

The business’s fifty day moving average price is $17.45 and its 200-day moving average price is $17.02. The stock has a market capitalization of $22.40 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 5.11 and a beta of 0.95.

SMC (OTCMKTS:SMCAY) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $1.36 billion for 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%. Equities research analysts predict that Smc Corporation will post 0.79 earnings per share for the current fiscal 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.