SMC (OTCMKTS:SMCAY) Raised to Strong-Buy at Zacks Research

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

SMC Stock Down 13.7%

SMC stock opened at $21.48 on Thursday. The stock has a market capitalization of $27.43 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 3.61 and a beta of 1.15. SMC has a twelve month low of $14.31 and a twelve month high of $27.77. The company has a 50 day moving average of $22.01 and a 200-day moving average of $20.22.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. SMC had a net margin of 19.84% and a return on equity of 8.25%. Equities analysts anticipate that SMC will post 0.95 EPS for the current fiscal year.

About SMC

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.