SMC (OTCMKTS:SMCAY) Shares Gap Down - Should You Sell?

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 stock price gapped down prior to trading 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 trading hands.

SMC Stock Down 1.3%

The firm has a 50 day simple moving average of $17.88 and a 200-day simple moving average of $17.87. The stock has a market cap of $22.43 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 2.80 and a beta of 1.00.

SMC (OTCMKTS:SMCAY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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 return on equity of 8.01% and a net margin of 19.69%. On average, equities analysts anticipate that Smc Corporation will post 0.79 earnings per share for the current year.

About SMC

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.