SMC (OTCMKTS:SMCAY) Trading Up 5.2% Following Better-Than-Expected Earnings

Smc Corporation (OTCMKTS:SMCAY)’s share price traded up 5.2% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $18.58 and last traded at $18.36. 43,791 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 552,590 shares. The stock had previously closed at $17.46.

The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. SMC had a return on equity of 7.31% and a net margin of 18.00%.The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $197.83 billion.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of 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, Based on data from MarketBeat.com, SMC presently has a consensus rating of “Hold”.

SMC Trading Up 0.2%

The company’s fifty day moving average is $16.50 and its 200-day moving average is $17.01. The firm has a market capitalization of $23.78 billion, a P/E ratio of 24.83, a P/E/G ratio of 3.95 and a beta of 1.04.

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.