SMC (OTCMKTS:SMCAY) Shares Gap Down – What’s Next?

Smc Corporation (OTCMKTS:SMCAY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $17.05, but opened at $16.50. SMC shares last traded at $17.1501, with a volume of 14,364 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of 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 MarketBeat.com, SMC has an average rating of “Hold”.

SMC Stock Performance

The business’s fifty day moving average price is $17.47 and its 200-day moving average price is $16.96. The stock has a market cap of $22.00 billion, a PE ratio of 20.50, a P/E/G ratio of 4.85 and a beta of 0.95.

SMC (OTCMKTS:SMCAY) last issued 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. SMC had a net margin of 19.72% and a return on equity of 7.87%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $197.83 billion. Analysts forecast that Smc Corporation will post 0.79 earnings per share for the current fiscal 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.