SMC (OTCMKTS:SMCAY) Shares Gap Down – Time to Sell?

Smc Corporation (OTCMKTS:SMCAYGet Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $22.39, but opened at $21.3196. SMC shares last traded at $21.44, with a volume of 204,764 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. The Goldman Sachs Group cut shares of SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. Zacks Research raised SMC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Jefferies Financial Group raised SMC from a “buy” rating to a “buy” rating in a report 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 company. According to MarketBeat.com, the company has an average rating of “Buy”.

Read Our Latest Analysis on SMCAY

SMC Stock Down 0.2%

The firm has a market cap of $27.63 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 1.53 and a beta of 1.09. The business has a 50 day moving average of $22.41 and a 200 day moving average of $22.05.

SMC (OTCMKTS:SMCAYGet Free Report) last announced its 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. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.54 billion. SMC had a net margin of 21.94% and a return on equity of 9.40%. Research analysts predict that Smc Corporation will post 1.1 earnings per share for the current year.

SMC Company Profile

(Get Free Report)

SMC Corporation is a Japan-based manufacturer of pneumatic and automation equipment used in factory automation and industrial production systems. Its products help control the movement, pressure, flow and handling of air and other fluids in manufacturing processes.

The company’s product portfolio includes pneumatic cylinders and actuators, control valves, air-preparation equipment, fittings, tubing, vacuum equipment, sensors and related automation components. SMC also offers electric actuators and equipment for specialized applications, including process control, cleanroom manufacturing and material handling.

Founded in 1959 as Sintered Metal Corporation, the company adopted the name SMC Corporation in 1985.

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