SMC (OTCMKTS:SMCAY) Hits New 12-Month High - Still a Buy?

Key Points

• SMC hit a new 52-week high, trading as high as $25.24 and last at $25.01 on volume of about 300,339 shares, roughly a 1.0% intraday gain.
• Zacks Research recently downgraded SMC from "strong-buy" to "hold," and the company carries an average analyst rating of "Hold."
• SMC beat quarterly EPS estimates ($0.22 vs. $0.19), reported $1.36 billion in revenue with a 19.41% net margin, and trades with a market cap of $31.88 billion, a PE of 29.71 and a PEG of 3.80.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $25.24 and last traded at $25.01, with a volume of 300339 shares changing hands. The stock had previously closed at $24.72.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut SMC from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

SMC Trading Up 1.0%

The firm has a market capitalization of $31.88 billion, a PE ratio of 29.71, a P/E/G ratio of 3.80 and a beta of 1.15. The business has a 50 day moving average price of $21.77 and a 200-day moving average price of $19.83.

SMC (OTCMKTS:SMCAY - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. SMC had a return on equity of 7.80% and a net margin of 19.41%.The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $207.25 billion. On average, equities research analysts forecast that Smc Corporation will post 0.85 earnings per share for the current 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.

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