SMC Co. (OTCMKTS:SMCAY) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 5,600 shares, a decline of 96.2% from the August 15th total of 147,800 shares. Based on an average daily volume of 95,500 shares, the days-to-cover ratio is presently 0.1 days.
Separately, Zacks Investment Research upgraded SMC from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, September 7th.
Shares of OTCMKTS SMCAY traded up $0.30 during trading on Wednesday, reaching $35.52. The company had a trading volume of 26,334 shares, compared to its average volume of 63,658. SMC has a twelve month low of $26.05 and a twelve month high of $35.75. The company has a current ratio of 9.29, a quick ratio of 7.19 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $47.86 billion, a PE ratio of 34.82 and a beta of 0.94. The stock has a 50-day moving average price of $31.56 and a two-hundred day moving average price of $30.27.
SMC Corp. engages in the manufacture, processing, and sale of automatic control equipment. It also manufactures and sells sintered filters and various types of filtration equipment. It operates through the Automatic Control Equipment and Others segments. The Automatic Control Equipment segment handles the manufacture and sale of air preparation equipment, pressure control equipment, directional control valves, and actuators.
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