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

Smc Corporation (OTCMKTS:SMCAY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $16.10, but opened at $17.27. SMC shares last traded at $16.53, with a volume of 34,851 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of SMC from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, SMC presently has a consensus rating of “Hold”.

SMC Trading Up 2.4%

The firm has a market capitalization of $21.05 billion, a PE ratio of 21.97, a P/E/G ratio of 3.95 and a beta of 1.03. The business has a 50 day moving average price of $16.65 and a 200-day moving average price of $17.03.

SMC (OTCMKTS:SMCAY) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. SMC had a return on equity of 7.31% and a net margin of 18.00%.The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $197.83 billion. On average, equities research analysts forecast that Smc Corporation will post 0.79 earnings per share for the current 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.