SMC (OTCMKTS:SMCAY) Shares Gap Up – Time to Buy?

Smc Corporation (OTCMKTS:SMCAY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $17.31, but opened at $18.15. SMC shares last traded at $17.3740, with a volume of 184,819 shares.

Wall Street Analysts Forecast Growth

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

SMC Stock Up 0.0%

The company’s 50-day simple moving average is $17.48 and its 200 day simple moving average is $16.90. The company has a market capitalization of $22.12 billion, a P/E ratio of 20.62, a P/E/G ratio of 5.04 and a beta of 0.95.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. SMC had a net margin of 19.72% and a return on equity of 7.87%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $197.83 billion. As a group, equities research analysts forecast that Smc Corporation will post 0.79 earnings per share for the current 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. 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.