SMC (OTCMKTS:SMCAY) Reaches New 1-Year High – Still a Buy?

Smc Corporation (OTCMKTS:SMCAY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $24.05 and last traded at $23.68, with a volume of 43879 shares. The stock had previously closed at $23.47.

Analyst Ratings Changes

Separately, Zacks Research cut SMC from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

SMC Stock Performance

The company has a 50 day moving average of $19.25 and a 200 day moving average of $17.50. The stock has a market capitalization of $30.46 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 3.97 and a beta of 0.97.

SMC (OTCMKTS:SMCAY) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. SMC had a return on equity of 7.83% and a net margin of 19.41%.The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $207.25 billion. As a group, research analysts expect that Smc Corporation will post 0.79 EPS 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. 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.