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

Smc Corporation (OTCMKTS:SMCAY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $17.03, but opened at $18.31. SMC shares last traded at $18.76, with a volume of 7,614 shares traded.

SMC Stock Performance

The company's 50-day moving average is $18.01 and its 200-day moving average is $17.92. The firm has a market cap of $23.29 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 3.03 and a beta of 1.00.

SMC (OTCMKTS:SMCAY - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.05. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $200.60 billion. SMC had a net margin of 19.69% and a return on equity of 8.01%. On average, analysts predict that Smc Corporation will post 0.79 EPS for the current 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.