SMC (OTCMKTS:SMCAY) Downgraded to “Hold” Rating by Zacks Research

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

Several other research firms have also recently issued reports on SMCAY. Jefferies Financial Group upgraded shares of SMC from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group downgraded shares of SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, SMC currently has an average rating of “Hold”.

SMC Stock Performance

OTCMKTS SMCAY opened at $22.54 on Monday. The stock’s fifty day moving average is $22.13 and its two-hundred day moving average is $21.41. The firm has a market capitalization of $28.79 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. SMC has a fifty-two week low of $14.31 and a fifty-two week high of $27.77.

SMC (OTCMKTS:SMCAY) last issued its earnings results on Thursday, May 14th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. SMC had a return on equity of 8.15% and a net margin of 19.84%. As a group, sell-side analysts forecast that SMC will post 0.93 EPS 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.