SMC (OTCMKTS:SMCAY) Upgraded at Zacks Research

SMC (OTCMKTS:SMCAY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

SMC Trading Down 13.7%

Shares of SMCAY opened at $21.48 on Thursday. The firm has a fifty day simple moving average of $22.01 and a 200 day simple moving average of $20.22. SMC has a 12 month low of $14.31 and a 12 month high of $27.77. The stock has a market capitalization of $27.43 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 3.61 and a beta of 1.15.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. SMC had a net margin of 19.84% and a return on equity of 8.25%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. As a group, research analysts predict that SMC will post 0.95 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.