Smc Corporation (OTCMKTS:SMCAY) Short Interest Update

Smc Corporation (OTCMKTS:SMCAY – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 324,038 shares, a growth of 138.6% from the May 14th total of 135,826 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 455,649 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

A number of research analysts have commented on SMCAY shares. Zacks Research upgraded SMC from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. The Goldman Sachs Group downgraded SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

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SMC Price Performance

Shares of OTCMKTS SMCAY opened at $20.72 on Friday. The business’s 50-day moving average price is $21.99 and its two-hundred day moving average price is $20.65. SMC has a one year low of $14.31 and a one year high of $27.77. The company has a market capitalization of $26.47 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10.

SMC (OTCMKTS:SMCAY – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. SMC had a return on equity of 8.15% and a net margin of 19.84%.The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. On average, equities analysts anticipate that SMC will post 0.94 EPS for the current year.

About SMC

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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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