SMC (OTCMKTS:SMCAY) Shares Gap Up – Should You Buy?

Smc Corporation (OTCMKTS:SMCAY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $17.20, but opened at $17.87. SMC shares last traded at $17.11, with a volume of 66,897 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded SMC from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

SMC Price Performance

The firm’s 50-day moving average price is $17.48 and its 200-day moving average price is $16.94. The stock has a market cap of $21.87 billion, a P/E ratio of 20.38, a PEG ratio of 5.05 and a beta of 0.95.

SMC (OTCMKTS:SMCAY) last issued its earnings results on Thursday, November 13th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $197.83 billion. SMC had a net margin of 19.72% and a return on equity of 7.87%. Sell-side analysts expect that Smc Corporation will post 0.79 earnings per share 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.