SMC (OTCMKTS:SMCAY) Shares Gap Down – Time to Sell?

Smc Corporation (OTCMKTS:SMCAY – Get Free Report)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $21.63, but opened at $20.59. SMC shares last traded at $21.2250, with a volume of 13,206 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on SMCAY. Jefferies Financial Group upgraded SMC from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. Zacks Research raised shares of SMC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group cut shares of SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SMC currently has an average rating of “Buy”.

Check Out Our Latest Research Report on SMC

SMC Price Performance

The company’s fifty day simple moving average is $22.22 and its 200-day simple moving average is $21.95. The firm has a market capitalization of $27.43 billion, a PE ratio of 20.84, a P/E/G ratio of 1.48 and a beta of 1.09.

SMC (OTCMKTS:SMCAY – Get Free Report) last released its earnings results on Friday, August 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.54 billion. SMC had a net margin of 21.94% and a return on equity of 9.40%. Analysts forecast that Smc Corporation will post 1.1 earnings per share for the current year.

About SMC

(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

Receive News & Ratings for SMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SMC and related companies with MarketBeat.com's FREE daily email newsletter.