SMC (OTCMKTS:SMCAY) Shares Up 7.4% – Time to Buy?

Smc Corporation (OTCMKTS:SMCAY)’s share price shot up 7.4% during mid-day trading on Friday . The company traded as high as $20.67 and last traded at $20.46. 1,508 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 314,196 shares. The stock had previously closed at $19.05.

Analyst Ratings Changes

A number of research firms have issued reports on SMCAY. The Goldman Sachs Group cut SMC from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Zacks Research upgraded SMC from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, SMC currently has a consensus rating of “Buy”.

SMC Price Performance

The stock has a 50-day simple moving average of $21.99 and a 200-day simple moving average of $20.65. The stock has a market cap of $26.47 billion, a P/E ratio of 23.55, a PEG ratio of 2.10 and a beta of 1.10.

SMC (OTCMKTS:SMCAY) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. SMC had a return on equity of 8.15% and a net margin of 19.84%.The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. As a group, sell-side analysts forecast that Smc Corporation will post 0.94 earnings per share 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. 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.