SMC (OTCMKTS:SMCAY) Shares Gap Up – Time to Buy?

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.

Analysts Set New Price Targets

Several brokerages recently commented on SMCAY. The Goldman Sachs Group cut shares of SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Zacks Research raised shares of SMC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Jefferies Financial Group upgraded shares of SMC from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

SMC Price Performance

The firm has a market cap of $27.26 billion, a PE ratio of 20.72, a PEG ratio of 1.50 and a beta of 1.10. The business has a 50-day moving average price of $22.55 and a two-hundred day moving average price of $22.18.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings data on Friday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.23 by $0.10. SMC had a net margin of 21.94% and a return on equity of 9.40%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.54 billion. Equities analysts expect that Smc Corporation will post 1.1 earnings per share for the current fiscal 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.