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SMC (OTCMKTS:SMCAY) Trading Down 5.5% - Time to Sell?

SMC logo with Computer and Technology background

Key Points

  • SMC Corporation's shares fell by 5.5% recently, trading at $15.50, with a notable decrease in trading volume of 49% compared to its average daily volume.
  • The company reported $0.19 earnings per share for the last quarter, missing analysts' expectations of $0.22, and experienced a significant revenue shortfall, reporting $1.39 billion versus a forecast of $202.86 billion.
  • SMC Corporation's market cap stands at $20.39 billion, with a beta value of 1.00, indicating a stock volatility in line with the overall market.
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Smc Corporation (OTCMKTS:SMCAY - Get Free Report)'s share price was down 5.5% during mid-day trading on Monday . The company traded as low as $15.50 and last traded at $15.50. Approximately 258,486 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 509,988 shares. The stock had previously closed at $16.41.

SMC Stock Performance

The stock has a 50 day moving average of $17.25 and a 200-day moving average of $17.63. The firm has a market capitalization of $19.58 billion, a P/E ratio of 20.12, a PEG ratio of 2.43 and a beta of 1.00.

SMC (OTCMKTS:SMCAY - Get Free Report) last announced its quarterly earnings data 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). SMC had a net margin of 18.00% and a return on equity of 7.38%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $202.86 billion. As a group, sell-side analysts expect that Smc Corporation will post 0.79 EPS for the current year.

About SMC

(Get Free Report)

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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