SMC (OTCMKTS:SMCAY) Hits New 52-Week High – Still a Buy?

Smc Corporation (OTCMKTS:SMCAY)’s share price reached a new 52-week high on Monday . The company traded as high as $24.23 and last traded at $24.1450, with a volume of 3073 shares traded. The stock had previously closed at $24.12.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised SMC from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

SMC Stock Performance

The company has a market cap of $31.55 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 4.11 and a beta of 0.97. The business’s 50 day moving average price is $19.96 and its 200-day moving average price is $17.77.

SMC (OTCMKTS:SMCAY) last announced its earnings results on Thursday, February 12th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. SMC had a return on equity of 7.83% and a net margin of 19.41%.The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $207.25 billion. On average, equities research analysts expect that Smc Corporation will post 0.79 earnings per share for the current fiscal year.

About SMC

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.