Smc Corporation (OTCMKTS:SMCAY) Short Interest Update

Smc Corporation (OTCMKTS:SMCAY) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 29,236 shares, a decrease of 68.7% from the July 30th total of 93,496 shares. Based on an average trading volume of 983,018 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

SMCAY has been the subject of a number of research reports. Zacks Research raised shares of SMC from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Jefferies Financial Group raised SMC from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. Finally, The Goldman Sachs Group downgraded SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, SMC presently has a consensus rating of “Buy”.

SMC Stock Down 1.6%

Shares of SMC stock opened at $22.26 on Thursday. The firm has a market cap of $28.43 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. SMC has a 52-week low of $14.31 and a 52-week high of $27.77. The company’s 50-day simple moving average is $22.61 and its 200-day simple moving average is $22.18.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.10. SMC had a return on equity of 9.40% and a net margin of 21.94%.The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.54 billion. Equities research analysts anticipate that SMC will post 1.1 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.