SMC (OTCMKTS:SMCAY) Posts Earnings Results

SMC (OTCMKTS:SMCAY) released its quarterly earnings results on Thursday. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04, Zacks reports. SMC had a net margin of 18.00% and a return on equity of 7.31%.

SMC Price Performance

Shares of SMCAY stock traded up $0.99 during trading hours on Thursday, hitting $18.45. The stock had a trading volume of 109,418 shares, compared to its average volume of 552,767. The stock has a market capitalization of $23.57 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 3.95 and a beta of 1.04. SMC has a one year low of $14.30 and a one year high of $22.34. The stock’s 50-day moving average price is $16.35 and its two-hundred day moving average price is $16.98.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of SMC from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, SMC has an average rating of “Hold”.

About SMC

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.