Zacks Investment Research Downgrades Smc Corp Spon (SMCAY) to Hold

Smc Corp Spon (NASDAQ:SMCAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

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. “

Smc Corp Spon (NASDAQ:SMCAY) opened at 18.00 on Tuesday. Smc Corp Spon has a 1-year low of $11.51 and a 1-year high of $18.28. The firm has a market cap of $24.19 billion and a P/E ratio of 21.26. The firm has a 50-day moving average of $16.76 and a 200 day moving average of $15.45.

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