SMC (OTCMKTS:SMCAY) Shares Gap Down - Time to Sell?

Key Points

• SMC Corporation shares gapped down from $15.64 to $15.04 before stabilizing at $14.99, reflecting a decline of 4.5% in value.
• The company reported earnings per share (EPS) of $0.19 for the last quarter, missing the consensus estimate of $0.22 by $0.03, with total revenue significantly below analyst expectations.
• SMC has a market capitalization of $19.07 billion and its current fiscal year EPS forecast is 0.79.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $15.64, but opened at $15.04. SMC shares last traded at $14.99, with a volume of 12,557 shares.

SMC Stock Performance

The stock has a market cap of $19.60 billion, a PE ratio of 20.45, a PEG ratio of 3.34 and a beta of 1.00. The stock's 50-day moving average is $16.25 and its two-hundred day moving average is $17.15.

SMC (OTCMKTS:SMCAY - Get Free Report) last posted 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 company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $202.86 billion. SMC had a return on equity of 7.31% and a net margin of 18.00%. Analysts forecast that Smc Corporation will post 0.79 EPS 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.