Smc Corporation (OTCMKTS:SMCAY – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $21.79, but opened at $22.99. SMC shares last traded at $22.13, with a volume of 67,343 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Jefferies Financial Group upgraded SMC from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group cut shares of SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. Finally, Zacks Research upgraded shares of SMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One equities 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 data from MarketBeat, the stock has a consensus rating of “Buy”.
Check Out Our Latest Research Report on SMCAY
SMC Stock Up 1.0%
SMC (OTCMKTS:SMCAY – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.33 earnings per share for the quarter, topping 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 return on equity of 9.40% and a net margin of 21.94%. Equities research analysts forecast 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.
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