SMC (OTCMKTS:SMCAY) Stock Moved Down to “Hold” by Zacks Research

Zacks Research downgraded shares of SMC (OTCMKTS:SMCAY) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks reports.

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

SMC Stock Down 3.5%

OTCMKTS SMCAY opened at $23.12 on Tuesday. SMC has a twelve month low of $15.86 and a twelve month high of $27.77. The firm has a market capitalization of $29.53 billion, a PE ratio of 22.45, a P/E/G ratio of 1.64 and a beta of 1.11. The stock’s 50 day moving average is $22.52 and its 200 day moving average is $22.08.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.54 billion. On average, research analysts anticipate that SMC will post 1.1 earnings per share for the current year.

About SMC

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.