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SMC (OTCMKTS:SMCAY) Shares Gap Down - Here's Why

SMC logo with Computer and Technology background

Smc Corporation (OTCMKTS:SMCAY - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $18.15, but opened at $16.62. SMC shares last traded at $17.32, with a volume of 34,331 shares trading hands.

SMC Stock Down 5.1%

The stock has a market cap of $22.01 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The firm's 50-day moving average is $17.45 and its two-hundred day moving average is $18.34.

SMC (OTCMKTS:SMCAY - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.05. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $200.60 billion. SMC had a net margin of 19.69% and a return on equity of 8.01%. Analysts anticipate that Smc Corporation will post 0.79 earnings per share for the current fiscal year.

About SMC

(Get Free Report)

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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