SMC (OTCMKTS:SMCAY) Shares Gap Down – Here’s Why

Smc Corporation (OTCMKTS:SMCAY) gapped down before the market opened on Friday . The stock had previously closed at $18.62, but opened at $17.40. SMC shares last traded at $18.11, with a volume of 11,319 shares.

Analyst Ratings Changes

Separately, Zacks Research raised shares of SMC from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, SMC presently has a consensus rating of “Hold”.

SMC Stock Performance

The stock has a market capitalization of $23.15 billion, a PE ratio of 21.58, a P/E/G ratio of 5.07 and a beta of 0.95. The firm has a 50 day moving average of $17.15 and a 200-day moving average of $17.07.

SMC (OTCMKTS:SMCAY) last issued its earnings results on Thursday, November 13th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $197.83 billion. SMC had a return on equity of 7.94% and a net margin of 19.72%. On average, sell-side analysts predict that Smc Corporation will post 0.79 earnings per share for the current year.

SMC Company Profile

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.