SMC (OTCMKTS:SMCAY) Hits New 12-Month High – Still a Buy?

Smc Corporation (OTCMKTS:SMCAY) reached a new 52-week high on Thursday . The stock traded as high as $25.24 and last traded at $25.01, with a volume of 300339 shares trading hands. The stock had previously closed at $24.72.

Analyst Ratings Changes

Separately, Zacks Research downgraded SMC from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

SMC Trading Up 1.0%

The stock has a market capitalization of $31.88 billion, a PE ratio of 29.71, a P/E/G ratio of 3.80 and a beta of 1.15. The firm has a 50 day moving average of $21.77 and a two-hundred day moving average of $19.83.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. SMC had a return on equity of 7.80% and a net margin of 19.41%.The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $207.25 billion. Equities research analysts forecast that Smc Corporation will post 0.85 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.