SMC (OTCMKTS:SMCAY) Shares Gap Down - Here's What Happened
Shares of SMC Corporation (OTCMKTS:SMCAY) gapped down from $17.53 to $16.86 before opening on Monday, with the last trade at $17.66. Zacks Research upgraded the stock from "strong sell" to "hold". The company reported a Q2 EPS of $0.19, missing estimates of $0.22, with revenue of $1.39 billion. SMC has a market cap of $22.65 billion, a PE ratio of 23.64, and a consensus rating of "hold" from analysts. Sell-side forecasts project an EPS of 0.79 for the current fiscal year.
Shares of Smc Corporation (OTCMKTS:SMCAY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $17.53, but opened at $16.86. SMC shares last traded at $17.66, with a volume of 30,205 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded SMC from a "strong sell" rating to a "hold" rating in a research report on Monday, October 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, SMC presently has a consensus rating of "Hold".
Check Out Our Latest Stock Report on SMC
SMC Trading Up 1.1%
The company has a market capitalization of $22.65 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.95 and a beta of 1.04. The business's 50-day simple moving average is $16.21 and its 200-day simple moving average is $16.96.
SMC (OTCMKTS:SMCAY - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $202.86 billion. SMC had a net margin of 18.00% and a return on equity of 7.31%. Sell-side analysts forecast that Smc Corporation will post 0.79 EPS for the current fiscal year.
SMC Company Profile
(Get Free Report)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.
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