SMC (OTCMKTS:SMCAY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of SMC (OTCMKTS:SMCAY) from a hold rating to a strong-buy rating in a report issued on Thursday morning,Zacks.com reports.

SMC Stock Down 13.7%

Shares of SMC stock opened at $21.48 on Thursday. SMC has a 52 week low of $14.31 and a 52 week high of $27.77. The business’s fifty day simple moving average is $22.01 and its 200-day simple moving average is $20.22. The firm has a market cap of $27.43 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 3.61 and a beta of 1.15.

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