SMC (OTCMKTS:SMCAY) Upgraded to Strong-Buy at Zacks Research

SMC (OTCMKTS:SMCAY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

SMC Price Performance

OTCMKTS:SMCAY opened at $23.83 on Monday. The firm has a market capitalization of $30.44 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 3.97 and a beta of 0.97. The business has a 50 day simple moving average of $19.37 and a 200-day simple moving average of $17.54. SMC has a 1 year low of $14.30 and a 1 year high of $24.05.

SMC (OTCMKTS:SMCAY) last released its earnings results 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 for 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%. As a group, analysts expect that SMC will post 0.79 earnings per share for the current fiscal 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.