SMC (OTCMKTS:SMCAY) Shares Gap Up – What’s Next?

by · The Markets Daily

Smc Corporation (OTCMKTS:SMCAY – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $21.23, but opened at $22.20. SMC shares last traded at $22.4965, with a volume of 33,420 shares traded.

Analysts Set New Price Targets

A number of 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. The Goldman Sachs Group downgraded 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 report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Read Our Latest Stock Report on SMC

SMC Trading Up 5.4%

The company’s fifty day moving average is $22.48 and its two-hundred day moving average is $22.10. The stock has a market cap of $28.58 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 1.48 and a beta of 1.09.

SMC (OTCMKTS:SMCAY – Get Free Report) last released its quarterly 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. SMC had a return on equity of 9.40% and a net margin of 21.94%.The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Analysts predict that Smc Corporation will post 1.1 EPS for the current year.

SMC Company Profile

(Get Free Report)

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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