SMC (OTCMKTS:SMCAY) Downgraded to Hold Rating by Zacks Research

SMC (OTCMKTS:SMCAY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

SMC Stock Down 0.2%

SMC stock opened at $22.88 on Monday. SMC has a 52 week low of $14.30 and a 52 week high of $25.03. The firm’s 50-day simple moving average is $21.65 and its 200 day simple moving average is $19.19. The firm has a market capitalization of $29.23 billion, a PE ratio of 27.24, a P/E/G ratio of 3.63 and a beta of 1.01.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $207.25 billion. SMC had a net margin of 19.41% and a return on equity of 7.80%. On average, research analysts expect that SMC will post 0.79 EPS for the current fiscal year.

SMC Company Profile

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.