SMC (OTCMKTS:SMCAY) Shares Gap Up - Still a Buy?

Key Points

• SMC Corporation shares gapped up from $14.85 to $15.64 before closing at $14.98, with a trading volume of 79,340 shares.
• In its recent earnings report, SMC missed analyst expectations with $0.19 EPS, below the forecasted $0.22, while reporting revenues of $1.39 billion.
• The company has a market capitalization of $19.58 billion and a P/E ratio of 20.44, indicating its valuation in the stock market.

Shares of Smc Corporation (OTCMKTS:SMCAY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $14.85, but opened at $15.64. SMC shares last traded at $14.98, with a volume of 79,340 shares changing hands.

SMC Stock Performance

The stock has a 50 day moving average of $16.28 and a two-hundred day moving average of $17.18. The firm has a market capitalization of $19.58 billion, a P/E ratio of 20.44, a P/E/G ratio of 3.34 and a beta of 1.00.

SMC (OTCMKTS:SMCAY - Get Free Report) last released its earnings results on Friday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $202.86 billion. SMC had a net margin of 18.00% and a return on equity of 7.31%. Sell-side analysts predict 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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