SMC (OTCMKTS:SMCAY) Sees Unusually-High Trading Volume – Should You Buy?

Smc Corporation (OTCMKTS:SMCAY) saw strong trading volume on Monday . 665,531 shares changed hands during trading, an increase of 14% from the previous session’s volume of 584,407 shares.The stock last traded at $15.11 and had previously closed at $15.15.

Analysts Set New Price Targets

Separately, Zacks Research downgraded SMC from a “hold” rating to a “strong sell” rating in a research note on Friday, September 19th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

SMC Trading Down 0.2%

The stock has a market cap of $19.32 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 3.46 and a beta of 1.00. The stock has a fifty day simple moving average of $16.10 and a 200-day simple moving average of $17.02.

SMC (OTCMKTS:SMCAY) last released its earnings results on Friday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $202.86 billion. SMC had a net margin of 18.00% and a return on equity of 7.31%. Sell-side analysts forecast that Smc Corporation will post 0.79 earnings per share for the current fiscal year.

SMC Company Profile

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.