SMC (OTCMKTS:SMCAY) Lowered to “Hold” Rating by Zacks Research

SMC (OTCMKTS:SMCAY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group upgraded shares of SMC from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. The Goldman Sachs Group lowered shares of SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

SMC Stock Down 0.8%

OTCMKTS:SMCAY opened at $22.54 on Monday. The stock has a fifty day simple moving average of $22.13 and a 200 day simple moving average of $21.41. The firm has a market capitalization of $28.79 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. SMC has a 1-year low of $14.31 and a 1-year high of $27.77.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.45 billion. Equities analysts predict that SMC will post 0.93 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.