Smc Corporation (OTCMKTS:SMCAY – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $21.23, but opened at $22.20. SMC shares last traded at $22.4965, with a volume of 33,420 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Zacks Research upgraded shares of SMC from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group downgraded shares of SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. Finally, Jefferies Financial Group raised shares of SMC from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.
Read Our Latest Research Report on SMCAY
SMC Stock Performance
SMC (OTCMKTS:SMCAY – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.10. SMC had a net margin of 21.94% and a return on equity of 9.40%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Equities analysts predict that Smc Corporation will post 1.1 earnings per share for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than SMC
- 3 Lesser-Known Quantum Plays the Market May Be Overlooking Right Now
- Gold.com’s Q4 Results Show Why This Stock Is More Than a Gold Bet
- Analog Devices Shows Why AI Is Not the Only Story Driving Chip Demand
- Cathie Wood Trimmed Palantir, But the Bigger Story Is Still Valuation
Receive News & Ratings for SMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SMC and related companies with MarketBeat.com's FREE daily email newsletter.
