SMC (OTCMKTS:SMCAY) Sees Large Volume Increase - Still a Buy?

Key Points

• Unusually high volume: About 862,429 shares traded (a 201% increase from the prior session) while the stock fell roughly 3.9% to $19.30 from $20.19.
• Zacks Research upgraded SMC from a "strong sell" to a "Strong Buy", and MarketBeat shows a consensus rating of "Strong Buy".
• SMC reported quarterly EPS of $0.22 (beating the $0.19 estimate) with $1.36 billion in revenue; the company has a market cap of $24.77 billion and a P/E of 23.09.

Shares of Smc Corporation (OTCMKTS:SMCAY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 862,429 shares changed hands during mid-day trading, an increase of 201% from the previous session's volume of 286,142 shares.The stock last traded at $19.30 and had previously closed at $20.19.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised SMC from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, SMC has a consensus rating of "Strong Buy".

SMC Stock Down 3.9%

The company has a market cap of $24.77 billion, a P/E ratio of 23.09, a P/E/G ratio of 3.31 and a beta of 0.93. The business has a fifty day simple moving average of $21.44 and a two-hundred day simple moving average of $18.79.

SMC (OTCMKTS:SMCAY - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $207.25 billion. SMC had a net margin of 19.41% and a return on equity of 7.80%. On average, equities analysts predict that Smc Corporation will post 0.79 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.

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