SMC (OTCMKTS:SMCAY) Shares Up 5.2% After Better-Than-Expected Earnings

Smc Corporation (OTCMKTS:SMCAY) shot up 5.2% during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $18.58 and last traded at $18.36. 43,791 shares were traded during trading, a decline of 92% from the average session volume of 552,590 shares. The stock had previously closed at $17.46.

The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. SMC had a return on equity of 7.31% and a net margin of 18.00%.

Analyst Ratings Changes

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

SMC Stock Performance

The firm’s 50 day simple moving average is $16.35 and its 200-day simple moving average is $16.98. The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 3.95 and a beta of 1.04.

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.