SMC (OTCMKTS:SMCAY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• SMC Corporation (OTCMKTS: SMCAY) experienced a significant uptick in trading volume, with approximately 665,531 shares traded, marking a 14% increase from the previous session.
• The stock was downgraded from a "hold" rating to a "strong sell" rating by Zacks Research, contributing to its consensus rating of "Sell."
• SMC reported earnings per share (EPS) of $0.19 in its last quarter, falling short of analyst expectations of $0.22, and had a net revenue of $1.39 billion.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 665,531 shares were traded during mid-day trading, an increase of 14% from the previous session's volume of 584,407 shares.The stock last traded at $15.11 and had previously closed at $15.15.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded SMC from a "hold" rating to a "strong sell" rating in a research note on Friday, September 19th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of "Sell".

SMC Trading Down 0.2%

The stock has a 50-day simple moving average of $16.10 and a 200-day simple moving average of $17.02. The company has a market capitalization of $19.32 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 3.46 and a beta of 1.00.

SMC (OTCMKTS:SMCAY - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). SMC had a net margin of 18.00% and a return on equity of 7.31%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $202.86 billion. On average, research analysts forecast 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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