SMC (OTCMKTS:SMCAY) Shares Gap Up – Should You Buy?

Shares of Smc Corporation (OTCMKTS:SMCAY) gapped up before the market opened on Wednesday . The stock had previously closed at $22.24, but opened at $23.11. SMC shares last traded at $23.14, with a volume of 3,111 shares changing hands.

Wall Street Analyst Weigh In

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

SMC Price Performance

The firm has a market capitalization of $28.59 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 2.38 and a beta of 1.10. The stock has a 50 day moving average price of $22.22 and a two-hundred day moving average price of $21.11.

SMC (OTCMKTS:SMCAY) last posted its earnings results on Thursday, May 14th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. SMC had a return on equity of 8.15% and a net margin of 19.84%.The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. As a group, research analysts expect that Smc Corporation will post 0.93 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. 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.