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

Key Points

• SMC Corporation shares gapped down from a previous close of $14.87 to open at $14.31, reflecting a notable decrease in market value.
• The company's recent earnings report showed an EPS of $0.19, which was below the consensus estimate of $0.22, along with revenue of $1.39 billion for the quarter.
• SMC has a market capitalization of $18.97 billion, with a 50-day moving average of $16.61 and a 200-day moving average of $17.36.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $14.87, but opened at $14.31. SMC shares last traded at $14.90, with a volume of 13,759 shares.

SMC Stock Performance

The company has a 50-day simple moving average of $16.45 and a two-hundred day simple moving average of $17.28. The firm has a market capitalization of $19.14 billion, a P/E ratio of 19.97, a PEG ratio of 3.41 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 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 analysts' expectations of $202.86 billion. As a group, 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.