SMC (OTCMKTS:SMCAY) Shares Gap Down – Time to Sell?

Shares of Smc Corporation (OTCMKTS:SMCAY) gapped down prior to trading on Friday . The stock had previously closed at $18.62, but opened at $17.40. SMC shares last traded at $18.11, with a volume of 11,319 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of SMC from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, SMC currently has a consensus rating of “Hold”.

SMC Price Performance

The business has a fifty day moving average of $17.15 and a 200-day moving average of $17.07. The stock has a market capitalization of $23.15 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 5.07 and a beta of 0.95.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $197.83 billion. SMC had a net margin of 19.72% and a return on equity of 7.94%. As a group, research analysts anticipate that Smc Corporation will post 0.79 EPS for the current 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.