SMC (OTCMKTS:SMCAY) Shares Gap Down – Time to Sell?

Smc Corporation (OTCMKTS:SMCAY) gapped down prior to trading on Monday . The stock had previously closed at $18.40, but opened at $17.70. SMC shares last traded at $17.60, with a volume of 7,242 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of SMC from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

SMC Stock Performance

The company has a market cap of $22.40 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 5.11 and a beta of 0.95. The company’s 50 day moving average price is $17.45 and its 200-day moving average price is $17.02.

SMC (OTCMKTS:SMCAY) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. SMC had a return on equity of 7.87% and a net margin of 19.72%.The business 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.