SMC (OTCMKTS:SMCAY) Hits New 52-Week High – Here’s What Happened

Shares of Smc Corporation (OTCMKTS:SMCAY) reached a new 52-week high during trading on Thursday . The stock traded as high as $21.00 and last traded at $20.31, with a volume of 8779 shares. The stock had previously closed at $19.37.

Analyst Ratings Changes

Separately, Zacks Research raised shares of SMC from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

SMC Price Performance

The firm has a fifty day moving average of $17.87 and a two-hundred day moving average of $17.00. The stock has a market capitalization of $26.78 billion, a P/E ratio of 24.96, a P/E/G ratio of 5.97 and a beta of 0.97.

SMC (OTCMKTS:SMCAY) last posted its earnings results on Thursday, November 13th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. SMC had a net margin of 19.72% and a return on equity of 7.87%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $197.83 billion. As a group, sell-side analysts forecast that Smc Corporation will post 0.79 EPS 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.