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

Shares of Smc Corporation (OTCMKTS:SMCAY) gapped up before the market opened on Monday . The stock had previously closed at $21.79, but opened at $22.99. SMC shares last traded at $22.13, with a volume of 67,343 shares traded.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Zacks Research upgraded SMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Jefferies Financial Group raised SMC from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. Finally, The Goldman Sachs Group lowered shares of SMC from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, May 28th. One equities 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

SMC Price Performance

The business’s 50-day simple moving average is $22.58 and its 200-day simple moving average is $22.19. The company has a market cap of $28.10 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 1.49 and a beta of 1.10.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.54 billion. SMC had a return on equity of 9.40% and a net margin of 21.94%. As a group, sell-side analysts forecast that Smc Corporation will post 1.1 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.