SMC (OTCMKTS:SMCAY) Stock Rating Lowered by Zacks Research

SMC (OTCMKTS:SMCAY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

Separately, Jefferies Financial Group upgraded SMC from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

SMC Stock Performance

Shares of SMC stock opened at $23.12 on Tuesday. The firm has a 50-day simple moving average of $22.52 and a two-hundred day simple moving average of $22.08. The company has a market cap of $29.53 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 1.64 and a beta of 1.11. SMC has a fifty-two week low of $15.86 and a fifty-two week high of $27.77.

SMC (OTCMKTS:SMCAY) last posted its earnings results on Friday, August 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. SMC had a return on equity of 9.40% and a net margin of 21.94%.The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Equities research analysts forecast that SMC will post 1.1 EPS for the current year.

SMC Company Profile

SMC Corporation is a Japan-based manufacturer of pneumatic and industrial automation equipment. The company develops products used to control, move and regulate compressed air and other gases in manufacturing and process applications.

Its product portfolio includes pneumatic actuators, valves, air-preparation equipment, fittings, tubing, vacuum equipment, sensors and temperature-control systems. These products support factory automation and are used across industries such as automotive, electronics, semiconductor manufacturing, packaging, food processing and general industrial production.

Founded in Japan in 1959, SMC has expanded from its domestic base into an international business serving customers through subsidiaries, sales offices and distribution networks across Asia, Europe, North America and other regions.