SMC (OTCMKTS:SMCAY) Shares Gap Up – What’s Next?

Smc Corporation (OTCMKTS:SMCAY) shares gapped up before the market opened on Friday . The stock had previously closed at $20.33, but opened at $21.81. SMC shares last traded at $21.03, with a volume of 471,974 shares.

Wall Street Analyst Weigh In

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

SMC Price Performance

The firm has a market capitalization of $26.84 billion, a PE ratio of 25.01, a P/E/G ratio of 5.91 and a beta of 0.97. The business has a 50-day simple moving average of $17.80 and a 200-day simple moving average of $16.98.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $197.83 billion. SMC had a return on equity of 7.87% and a net margin of 19.72%. On average, research analysts expect that Smc Corporation will post 0.79 earnings per share 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. 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.