SMC (OTCMKTS:SMCAY) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of SMC (OTCMKTS:SMCAY) from a hold rating to a strong sell rating in a research report report published on Wednesday morning,Zacks.com reports.

SMC Stock Up 0.5%

SMCAY stock traded up $0.10 during trading hours on Wednesday, hitting $19.65. The company’s stock had a trading volume of 60,338 shares, compared to its average volume of 278,039. The stock has a 50 day moving average price of $18.07 and a two-hundred day moving average price of $17.06. SMC has a 12 month low of $14.30 and a 12 month high of $21.81. The company has a market capitalization of $25.10 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 5.92 and a beta of 0.97.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate 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 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.