SMC (OTCMKTS:SMCAY) Shares Gap Up – Should You Buy?

Smc Corporation (OTCMKTS:SMCAY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $23.10, but opened at $24.08. SMC shares last traded at $23.79, with a volume of 7,513 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of SMC from a “strong sell” rating to a “strong-buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, SMC currently has a consensus rating of “Strong Buy”.

SMC Stock Performance

The stock’s 50-day moving average price is $19.55 and its 200-day moving average price is $17.62. The company has a market capitalization of $30.58 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 3.94 and a beta of 0.97.

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. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $207.25 billion. SMC had a return on equity of 7.83% and a net margin of 19.41%. Analysts anticipate that Smc Corporation will post 0.79 earnings per share 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.