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

Key Points

• Shares of SMC Corporation (OTCMKTS:SMCAY) experienced a significant gap down, opening at $16.53 after a previous close of $17.36.
• Zacks Research has downgraded SMC's stock rating from "hold" to "strong sell", contributing to a current consensus rating of "sell".
• SMC reported a quarterly EPS of $0.19, missing the estimate of $0.22, with revenues considerably lower than expected.

Shares of Smc Corporation (OTCMKTS:SMCAY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $17.36, but opened at $16.53. SMC shares last traded at $17.32, with a volume of 32,169 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of SMC from a "hold" rating to a "strong sell" rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of "Sell".

SMC Stock Performance

The stock has a market cap of $22.03 billion, a PE ratio of 23.00, a PEG ratio of 3.84 and a beta of 1.03. The stock's 50-day moving average is $15.87 and its two-hundred day moving average is $16.90.

SMC (OTCMKTS:SMCAY - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $202.86 billion. Analysts forecast that Smc Corporation will post 0.79 EPS for the current 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.

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