SMC (OTCMKTS:SMCAY) Shares Gap Up - Should You 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.

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 traded.

Analyst Ratings Changes

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

SMC Price Performance

The company's 50-day moving average price is $16.25 and its 200-day moving average price is $17.15. The company has a market cap of $19.49 billion, a P/E ratio of 20.35, a P/E/G ratio of 3.34 and a beta of 1.00.

SMC (OTCMKTS:SMCAY - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). The firm 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%. On average, equities research 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.