Smc Corporation (OTCMKTS:SMCAY – Get Free Report) saw unusually-strong trading volume on Thursday . 420,750 shares were traded during mid-day trading, an increase of 42% from the previous session’s volume of 295,871 shares.The stock last traded at $21.3550 and had previously closed at $20.87.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. Jefferies Financial Group upgraded shares of SMC from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. Zacks Research raised shares of SMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group lowered SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on SMC
SMC Price Performance
SMC (OTCMKTS:SMCAY – Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.10. The business had revenue of $1.70 billion for 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%. On average, analysts forecast that Smc Corporation will post 1.1 EPS for the current 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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