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

Key Points

• SMC Corporation's stock price significantly gapped down from $18.28 to $17.43 at the market opening, last trading at $18.14 with a volume of 77,344 shares.
• The company reported a net margin of 19.69% and quarterly earnings of $0.19 per share, exceeding the consensus estimate of $0.14.
• SMC has a market capitalization of $23.10 billion and a PE ratio of 22.60, highlighting its considerable size and valuation within its industry.

Shares of Smc Corporation (OTCMKTS:SMCAY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $18.28, but opened at $17.43. SMC shares last traded at $18.14, with a volume of 77,344 shares traded.

SMC Price Performance

The firm has a 50 day moving average of $17.90 and a two-hundred day moving average of $17.88. The stock has a market cap of $22.23 billion, a PE ratio of 21.75, a PEG ratio of 2.81 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 the consensus estimate of $0.14 by $0.05. SMC had a net margin of 19.69% and a return on equity of 8.01%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $200.60 billion. As a group, equities analysts anticipate 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.