SMC (OTCMKTS:SMCAY) Raised to Strong-Buy at Zacks Research

SMC (OTCMKTS:SMCAY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

SMC Price Performance

Shares of OTCMKTS:SMCAY opened at $21.48 on Thursday. The company has a market capitalization of $27.43 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 3.61 and a beta of 1.15. The firm’s 50 day simple moving average is $22.01 and its 200 day simple moving average is $20.22. SMC has a fifty-two week low of $14.31 and a fifty-two week high of $27.77.

SMC (OTCMKTS:SMCAY) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. SMC had a net margin of 19.84% and a return on equity of 8.25%. Equities research analysts expect that SMC will post 0.95 earnings per share 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.