SMC (OTCMKTS:SMCAY) Sees Unusually-High Trading Volume - Still a Buy?

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 were traded 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 Price Performance

The company has a market cap of $18.97 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 3.52 and a beta of 1.00. The business's 50-day simple moving average is $16.28 and its 200-day simple moving average is $17.19.

SMC (OTCMKTS:SMCAY - Get Free Report) last announced 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). The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $202.86 billion. SMC had a return on equity of 7.31% and a net margin of 18.00%. As a group, sell-side analysts forecast that Smc Corporation will post 0.79 EPS for the current 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.