Shares of Smc Corporation (OTCMKTS:SMCAY – Get Free Report) saw unusually-high trading volume on Thursday. Approximately 324,325 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 299,680 shares. The stock last traded at $20.49 and had previously closed at $20.22.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut SMC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.
View Our Latest Report on SMCAY
SMC Price Performance
The stock has a market cap of $26.33 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 1.34 and a beta of 1.11. The stock has a fifty day moving average of $21.89 and a 200 day moving average of $21.89.
SMC (OTCMKTS:SMCAY – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.10. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.54 billion. SMC had a return on equity of 9.40% and a net margin of 21.94%. As a group, equities analysts expect that Smc Corporation will post 1.10 earnings per share for the current fiscal year.
About SMC
SMC Corporation, traded over the counter in the United States under the symbol SMCAY, is a Japan-based manufacturer of pneumatic and automation equipment. The company develops products used to control, regulate, and move compressed air and other fluids in industrial production systems.
Its product portfolio includes pneumatic actuators, valves, air-preparation equipment, fittings, tubing, vacuum equipment, sensors, switches, and related control components. SMC also offers electric actuators, temperature-control products, and systems designed for automated material handling and process control.
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