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

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.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 640,459 shares changed hands during 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 Stock Performance

The company has a market capitalization of $19.53 billion, a PE ratio of 20.39, a PEG ratio of 3.49 and a beta of 1.00. The stock's 50 day moving average is $16.99 and its 200 day moving average is $17.52.

SMC (OTCMKTS:SMCAY - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.19 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 analysts' expectations of $202.86 billion. On average, equities research analysts forecast that Smc Corporation will post 0.79 EPS for the current fiscal 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.