SMC (OTCMKTS:SMCAY) Shares Gap Up – Here’s Why

Smc Corporation (OTCMKTS:SMCAY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $22.24, but opened at $23.11. SMC shares last traded at $23.14, with a volume of 3,111 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on SMCAY shares. Zacks Research raised shares of SMC from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. The Goldman Sachs Group lowered SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, Jefferies Financial Group upgraded SMC from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, SMC presently has a consensus rating of “Buy”.

SMC Trading Up 4.6%

The firm has a 50 day moving average price of $22.21 and a 200-day moving average price of $21.04. The firm has a market cap of $29.72 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 2.27 and a beta of 1.10.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. SMC had a net margin of 19.84% and a return on equity of 8.15%. As a group, equities analysts expect that Smc Corporation will post 0.93 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.