Shares of Smc Corporation (OTCMKTS:SMCAY – Get Free Report) saw strong trading volume on Friday . 359,361 shares were traded during trading, an increase of 20% from the previous session’s volume of 300,462 shares.The stock last traded at $21.01 and had previously closed at $21.80.
Wall Street Analyst Weigh In
SMCAY has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded SMC from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group cut shares of SMC from a “strong-buy” rating to a “neutral” rating in a research 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 analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.
View Our Latest Research Report on SMCAY
SMC Stock Performance
SMC (OTCMKTS:SMCAY – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.33 EPS for the quarter, beating 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 business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.54 billion. As a group, analysts expect that Smc Corporation will post 1.1 EPS for the current fiscal year.
SMC Company Profile
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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