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

Smc Corporation (OTCMKTS:SMCAY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $20.33, but opened at $21.81. SMC shares last traded at $21.03, with a volume of 471,974 shares traded.

Wall Street Analyst Weigh In

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

SMC Trading Up 3.1%

The firm’s fifty day moving average is $17.87 and its 200-day moving average is $16.99. The stock has a market capitalization of $26.78 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 6.15 and a beta of 0.97.

SMC (OTCMKTS:SMCAY) last posted its earnings results 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 net margin of 19.72% and a return on equity of 7.87%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $197.83 billion. As a group, equities analysts predict that Smc Corporation will post 0.79 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.