Smc Corporation (OTCMKTS:SMCAY) Short Interest Down 66.6% in June

Smc Corporation (OTCMKTS:SMCAY) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 108,168 shares, a decrease of 66.6% from the May 31st total of 324,038 shares. Based on an average trading volume of 478,263 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Several brokerages have weighed in on SMCAY. The Goldman Sachs Group cut shares of SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Zacks Research upgraded shares of SMC from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Jefferies Financial Group raised shares of SMC from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

SMC Stock Down 2.4%

Shares of SMCAY traded down $0.53 during trading hours on Monday, hitting $21.79. 75,857 shares of the company were exchanged, compared to its average volume of 302,541. SMC has a fifty-two week low of $14.31 and a fifty-two week high of $27.77. The company has a market cap of $27.84 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 2.29 and a beta of 1.11. The firm’s fifty day moving average is $22.22 and its 200 day moving average is $20.99.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. SMC had a return on equity of 8.15% and a net margin of 19.84%.The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. Analysts anticipate that SMC will post 0.93 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.