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

Smc Corporation (OTCMKTS:SMCAY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $17.36, but opened at $16.7001. SMC shares last traded at $17.25, with a volume of 27,922 shares.

Wall Street Analysts Forecast Growth

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

SMC Stock Performance

The company has a 50 day simple moving average of $17.48 and a 200 day simple moving average of $16.89. The company has a market capitalization of $22.03 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 5.08 and a beta of 0.95.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $197.83 billion. SMC had a return on equity of 7.87% and a net margin of 19.72%. As a group, equities research analysts anticipate that Smc Corporation will post 0.79 EPS 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.