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

Key Points

• SMC Corporation experienced a significant trading increase, with approximately 640,459 shares traded on Monday, up 20% from the previous day.
• The company reported $0.19 earnings per share in its most recent quarter, missing analysts' expectations of $0.22 by $0.03.
• SMC has a market capitalization of $19.73 billion and a P/E ratio of 20.59, indicating a stable financial status amidst recent trading activity.

Shares of Smc Corporation (OTCMKTS:SMCAY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 640,459 shares changed hands during mid-day trading, an increase of 20% from the previous session's volume of 535,861 shares.The stock last traded at $15.43 and had previously closed at $15.33.

SMC Price Performance

The company has a market capitalization of $19.53 billion, a P/E ratio of 20.61, a P/E/G ratio of 3.49 and a beta of 1.00. The stock's 50 day simple moving average is $16.99 and its two-hundred day simple moving average is $17.52.

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