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

Key Points

• SMC shares gapped down — the stock opened at $21.55 after closing at $22.92 and last traded around $22.6450 on volume of 21,087 shares.
• Zacks upgraded SMC from a "strong sell" to a "strong-buy," and MarketBeat shows a consensus rating of "Strong Buy."
• Quarterly results beat expectations with EPS of $0.22 versus $0.19 consensus and revenue of $1.36 billion; the company has a $29.11 billion market cap, a PE of 27.13 and a net margin of 19.41%.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $22.92, but opened at $21.55. SMC shares last traded at $22.6450, with a volume of 21,087 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised SMC from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Strong Buy".

SMC Stock Down 0.6%

The company has a market cap of $29.11 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 3.54 and a beta of 1.01. The business has a 50-day simple moving average of $21.60 and a 200-day simple moving average of $19.14.

SMC (OTCMKTS:SMCAY - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $207.25 billion. SMC had a net margin of 19.41% and a return on equity of 7.80%. As a group, equities research analysts predict 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. It also provides flow control equipment, speed controllers, silencers/exhaust/blow guns/pressure gauges, switches/sensors/controllers, static neutralization equipment, and industrial device communication equipment/wireless system.

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