SMC (OTCMKTS:SMCAY) Shares Gap Up – Time to Buy?

Smc Corporation (OTCMKTS:SMCAY – Get Free Report)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $21.0550, but opened at $21.69. SMC shares last traded at $21.50, with a volume of 21,940 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SMCAY. Zacks Research upgraded SMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Jefferies Financial Group raised SMC from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on SMC

SMC Stock Up 3.4%

The company’s fifty day moving average is $22.24 and its two-hundred day moving average is $21.95. The stock has a market cap of $28.36 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 1.47 and a beta of 1.09.

SMC (OTCMKTS:SMCAY – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.33 EPS for the quarter, topping 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 company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Sell-side analysts predict that Smc Corporation will post 1.1 EPS for the current fiscal 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.

Further Reading

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