Smc Corporation (OTCMKTS:SMCAY) Short Interest Update

Smc Corporation (OTCMKTS:SMCAY) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 9,592 shares, a drop of 54.0% from the April 15th total of 20,838 shares. Based on an average daily trading volume, of 821,635 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

SMC Price Performance

Shares of OTCMKTS:SMCAY opened at $21.48 on Friday. SMC has a 1 year low of $14.31 and a 1 year high of $27.77. The firm has a market capitalization of $27.43 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 3.12 and a beta of 1.15. The business’s 50 day moving average price is $22.01 and its 200-day moving average price is $20.22.

SMC (OTCMKTS:SMCAY) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. SMC had a return on equity of 8.25% and a net margin of 19.84%. On average, sell-side analysts expect that SMC will post 0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded SMC from a “hold” rating to a “strong-buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, SMC currently has a consensus rating of “Strong Buy”.

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.