Smc Corporation (OTCMKTS:SMCAY – Get Free Report) shares gapped up before the market opened on Monday. The stock had previously closed at $17.65, but opened at $18.95. SMC shares last traded at $18.55, with a volume of 1,409,702 shares traded.
Analyst Ratings Changes
Separately, Zacks Research cut SMC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
SMC Trading Up 5.4%
The firm’s fifty day simple moving average is $21.45 and its 200 day simple moving average is $21.87. The company has a market cap of $23.89 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.26 and a beta of 1.19.
SMC (OTCMKTS:SMCAY – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.54 billion. SMC had a net margin of 21.94% and a return on equity of 9.40%. As a group, sell-side analysts expect that Smc Corporation will post 1.06 EPS for the current year.
About SMC
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