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

Key Points

• SMC Corporation shares opened at $16.82, down from a previous close of $17.80, marking a decrease of 1.3% in stock price.
• The company recently reported quarterly earnings, with $0.19 earnings per share (EPS), exceeding analysts' expectations of $0.14.
• SMC Corporation has a market capitalization of $22.43 billion and a current P/E ratio of 21.95.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $17.80, but opened at $16.82. SMC shares last traded at $17.72, with a volume of 992 shares changing hands.

SMC Stock Down 3.9%

The firm has a 50-day moving average price of $17.76 and a two-hundred day moving average price of $17.83. The firm has a market cap of $21.58 billion, a PE ratio of 22.52, a P/E/G ratio of 2.72 and a beta of 1.00.

SMC (OTCMKTS:SMCAY - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $202.86 billion. SMC had a net margin of 19.69% and a return on equity of 8.01%. Research analysts forecast that Smc Corporation will post 0.79 earnings per share 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.