SMC (OTCMKTS:SMCAY) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of SMC (OTCMKTS:SMCAY) from a strong sell rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

SMC Price Performance

Shares of OTCMKTS:SMCAY opened at $23.83 on Monday. SMC has a 12 month low of $14.30 and a 12 month high of $24.05. The stock has a market cap of $30.44 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 3.97 and a beta of 0.97. The stock’s 50 day moving average price is $19.37 and its 200 day moving average price is $17.54.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. SMC had a return on equity of 7.83% and a net margin of 19.41%.The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $207.25 billion. On average, sell-side analysts expect that SMC will post 0.79 EPS 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.