SMC (OTCMKTS:SMCAY) Shares Gap Up – Still a Buy?

Smc Corporation (OTCMKTS:SMCAY) gapped up prior to trading on Thursday . The stock had previously closed at $19.05, but opened at $20.03. SMC shares last traded at $19.4525, with a volume of 15,880 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SMCAY. The Goldman Sachs Group cut shares of SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Zacks Research raised shares of SMC from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, SMC presently has a consensus rating of “Buy”.

SMC Trading Up 3.6%

The firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 2.03 and a beta of 1.10. The company’s 50 day moving average is $21.99 and its 200-day moving average is $20.65.

SMC (OTCMKTS:SMCAY) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. SMC had a net margin of 19.84% and a return on equity of 8.15%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. Research analysts expect that Smc Corporation will post 0.94 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.