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

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.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report)'s stock price dropped 5.5% during trading on Monday . The stock traded as low as $15.50 and last traded at $15.50. Approximately 258,486 shares were traded 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 Price Performance

The stock has a market cap of $19.58 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.43 and a beta of 1.00. The firm has a fifty day moving average of $17.25 and a 200 day moving average of $17.63.

SMC (OTCMKTS:SMCAY - Get Free Report) last posted its quarterly 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 7.38%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $202.86 billion. Research analysts anticipate 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.