Zacks Investment Research cut shares of Smc Corp Spon (NASDAQ:SMCAY) from a buy rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “SMC Corp. engages in the manufacture, processing and sale of automatic control equipment. It also manufactures and sells filters and filtration equipment. The company operates through the Automatic Control Equipment and Others segments. Automatic Control Equipment segment manufactures and sale of air preparation equipment, pressure control equipment, directional control valves and actuators. Others segment includes the commercial warehousing business. SMC Corp. is headquartered in Tokyo, Japan. “

Shares of Smc Corp Spon (NASDAQ SMCAY) remained flat at $$20.70 during mid-day trading on Wednesday. The company had a trading volume of 22,586 shares, compared to its average volume of 25,568. Smc Corp Spon has a 52-week low of $11.51 and a 52-week high of $20.81.

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