SMC (OTCMKTS:SMCAY) Sees Large Volume Increase - Here's Why

Key Points

• SMC Corporation experienced a significant trading volume increase of 120%, with approximately 1.2 million shares traded on Monday, compared to 547,933 shares the previous session.
• The stock closed at $14.97, below its previous closing price of $15.14, while its 50-day moving average is $16.42.
• In its latest earnings report, SMC posted an EPS of $0.19, missing analysts' expectations of $0.22, with revenues of $1.39 billion for the quarter.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 1,206,975 shares traded hands during trading, an increase of 120% from the previous session's volume of 547,933 shares.The stock last traded at $14.97 and had previously closed at $15.14.

SMC Stock Performance

The company's 50-day moving average is $16.42 and its 200-day moving average is $17.26. The firm has a market cap of $19.14 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 3.41 and a beta of 1.00.

SMC (OTCMKTS:SMCAY - Get Free Report) last released its earnings results on Friday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). SMC had a net margin of 18.00% and a return on equity of 7.31%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $202.86 billion. On average, analysts predict that Smc Corporation will post 0.79 EPS 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.

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