SMC (OTCMKTS:SMCAY – Get Free Report) issued its earnings results on Thursday. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02, Zacks reports. SMC had a net margin of 19.41% and a return on equity of 7.80%.
SMC Stock Performance
OTCMKTS:SMCAY traded down $1.91 during trading hours on Thursday, reaching $24.87. The company’s stock had a trading volume of 169,636 shares, compared to its average volume of 332,502. The firm has a market capitalization of $31.77 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 4.25 and a beta of 1.15. The firm has a 50-day simple moving average of $21.98 and a 200-day simple moving average of $20.15. SMC has a 1 year low of $14.31 and a 1 year high of $27.77.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut shares of SMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company 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. 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.
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