SMC (OTCMKTS:SMCAY) Shares Down 6.8% - What's Next?

Key Points

• SMC Corporation's share price fell by 6.8% to $16.01, significantly declining from its previous close of $17.18, with trading volume at only 889 shares compared to the average of 587,458 shares.
• Zacks Research downgraded SMC's rating from "hold" to "strong sell," contributing to a consensus rating of "Sell" among analysts.
• For the last quarter, SMC reported an EPS of $0.19, missing expectations by $0.03, alongside revenues of $1.39 billion, far below the anticipated $202.86 billion.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report)'s share price fell 6.8% during mid-day trading on Wednesday . The company traded as low as $15.91 and last traded at $16.01. 889 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 587,458 shares. The stock had previously closed at $17.18.

Analyst Upgrades and Downgrades

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

SMC Price Performance

The business's 50 day moving average is $15.85 and its two-hundred day moving average is $16.90. The firm has a market capitalization of $21.38 billion, a PE ratio of 22.31, a P/E/G ratio of 3.97 and a beta of 1.03.

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

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