SMC (OTCMKTS:SMCAY) Shares Gap Down – Here’s What Happened

Smc Corporation (OTCMKTS:SMCAY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $18.62, but opened at $17.10. SMC shares last traded at $17.75, with a volume of 61,961 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded SMC from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

SMC Stock Down 2.1%

The firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 3.95 and a beta of 1.03. The business’s fifty day moving average is $16.60 and its 200 day moving average is $17.04.

SMC (OTCMKTS:SMCAY) last announced its earnings results on Thursday, November 13th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. SMC had a net margin of 18.00% and a return on equity of 7.31%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $197.83 billion. Equities research analysts expect that Smc Corporation 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.