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

Key Points

• SMC Corporation's shares saw a significant **gap up** from a previous close of **$15.14** to an opening price of **$15.96** before trading at **$15.36**.
• Analysts have downgraded SMC's stock rating from "hold" to **"strong sell,"** reflecting a negative outlook on the company's performance.
• For the last quarter, SMC reported an **EPS of $0.19**, missing estimates, with revenue of **$1.39 billion**, substantially lower than analyst expectations of **$202.86 billion**.

Shares of Smc Corporation (OTCMKTS:SMCAY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $15.14, but opened at $15.96. SMC shares last traded at $15.36, with a volume of 96,938 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of SMC from a "hold" rating to a "strong sell" rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of "Sell".

SMC Stock Up 2.0%

The stock's fifty day moving average price is $16.07 and its 200 day moving average price is $17.00. The stock has a market cap of $19.72 billion, a PE ratio of 20.59, a PEG ratio of 3.46 and a beta of 1.00.

SMC (OTCMKTS:SMCAY - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations of $202.86 billion. On average, equities research analysts expect that Smc Corporation will post 0.79 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.