SMC (OTCMKTS:SMCAY) Shares Gap Up – Should You Buy?

Smc Corporation (OTCMKTS:SMCAY) gapped up before the market opened on Monday . The stock had previously closed at $17.58, but opened at $18.61. SMC shares last traded at $18.0575, with a volume of 9,400 shares trading hands.

Analyst Ratings Changes

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

SMC Stock Up 2.6%

The firm has a market capitalization of $23.04 billion, a P/E ratio of 24.05, a P/E/G ratio of 3.95 and a beta of 1.04. The company has a fifty day simple moving average of $16.91 and a 200 day simple moving average of $17.06.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $197.83 billion. SMC had a net margin of 18.00% and a return on equity of 7.31%. As a group, equities analysts expect that Smc Corporation will post 0.79 earnings per share for the current fiscal 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.