SMC (OTCMKTS:SMCAY) Shares Gap Up – Should You Buy?

Smc Corporation (OTCMKTS:SMCAY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $19.05, but opened at $20.03. SMC shares last traded at $19.4525, with a volume of 15,880 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SMCAY shares. Zacks Research upgraded SMC from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. The Goldman Sachs Group lowered SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

SMC Stock Up 2.2%

The firm has a market capitalization of $24.86 billion, a P/E ratio of 22.12, a PEG ratio of 1.96 and a beta of 1.10. The business has a 50-day moving average price of $21.97 and a 200-day moving average price of $20.63.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. SMC had a return on equity of 8.25% and a net margin of 19.84%. As a group, sell-side analysts forecast that Smc Corporation will post 0.94 EPS 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.