Smc Corporation (OTCMKTS:SMCAY – Get Free Report) saw unusually-strong trading volume on Thursday. Approximately 324,325 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 299,680 shares. The stock last traded at $20.49 and had previously closed at $20.22.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut shares of SMC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, SMC currently has an average rating of “Hold”.
View Our Latest Research Report on SMCAY
SMC Stock Down 1.8%
The business’s fifty day moving average price is $21.89 and its 200 day moving average price is $21.89. The firm has a market capitalization of $26.33 billion, a PE ratio of 20.01, a P/E/G ratio of 1.34 and a beta of 1.11.
SMC (OTCMKTS:SMCAY – Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.10. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.54 billion. SMC had a net margin of 21.94% and a return on equity of 9.40%. As a group, sell-side analysts forecast that Smc Corporation will post 1.10 earnings per share for the current fiscal year.
SMC Company Profile
SMC Corporation, traded over the counter in the United States under the symbol SMCAY, is a Japan-based manufacturer of pneumatic and automation equipment. The company develops products used to control, regulate, and move compressed air and other fluids in industrial production systems.
Its product portfolio includes pneumatic actuators, valves, air-preparation equipment, fittings, tubing, vacuum equipment, sensors, switches, and related control components. SMC also offers electric actuators, temperature-control products, and systems designed for automated material handling and process control.
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