Smc Corporation (OTCMKTS:SMCAY – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $21.47, but opened at $20.50. SMC shares last traded at $21.1060, with a volume of 34,290 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on SMCAY shares. Zacks Research raised SMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group lowered SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, Jefferies Financial Group upgraded SMC from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy”.
Get Our Latest Research Report on SMC
SMC Stock Up 5.6%
SMC (OTCMKTS:SMCAY – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. SMC had a net margin of 21.94% and a return on equity of 9.40%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.54 billion. Equities research analysts expect that Smc Corporation will post 1.1 EPS for the current year.
SMC Company Profile
SMC Corporation is a Japan-based manufacturer of pneumatic and automation equipment used in factory automation and industrial production systems. Its products help control the movement, pressure, flow and handling of air and other fluids in manufacturing processes.
The company’s product portfolio includes pneumatic cylinders and actuators, control valves, air-preparation equipment, fittings, tubing, vacuum equipment, sensors and related automation components. SMC also offers electric actuators and equipment for specialized applications, including process control, cleanroom manufacturing and material handling.
Founded in 1959 as Sintered Metal Corporation, the company adopted the name SMC Corporation in 1985.
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