SMC (OTCMKTS:SMCAY) Reaches New 12-Month High – Here’s What Happened

Shares of Smc Corporation (OTCMKTS:SMCAY) reached a new 52-week high on Wednesday . The stock traded as high as $27.77 and last traded at $26.78, with a volume of 193843 shares traded. The stock had previously closed at $26.39.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of SMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

SMC Stock Up 1.5%

The company’s 50-day moving average is $21.92 and its two-hundred day moving average is $20.08. The company has a market capitalization of $34.21 billion, a P/E ratio of 31.88, a PEG ratio of 4.18 and a beta of 1.15.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $207.25 billion. SMC had a net margin of 19.41% and a return on equity of 7.80%. On average, sell-side analysts predict that Smc Corporation will post 0.85 EPS 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. 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.