SMC (OTCMKTS:SMCAY) Shares Gap Down After Analyst Downgrade

Smc Corporation (OTCMKTS:SMCAY) gapped down before the market opened on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $22.92, but opened at $21.55. SMC shares last traded at $22.6450, with a volume of 21,087 shares.

SMC Stock Down 0.4%

The stock has a market cap of $29.10 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 3.63 and a beta of 1.01. The company has a 50 day simple moving average of $21.70 and a 200 day simple moving average of $19.22.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $207.25 billion. SMC had a return on equity of 7.80% and a net margin of 19.41%. As a group, analysts predict that Smc Corporation will post 0.79 earnings per share for the current fiscal 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. 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.