SMC (OTCMKTS:SMCAY) Shares Gap Down - Here's What Happened

Shares of Smc Corporation (OTCMKTS:SMCAY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $17.53, but opened at $16.86. SMC shares last traded at $17.66, with a volume of 30,205 shares changing hands.Analyst Upgrades and DowngradesSeparately, Zacks Research upgraded SMC from a "strong sell" rating to a "hold" rating in a research report on Monday, October 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, SMC presently has a consensus rating of "Hold".Check Out Our Latest Stock Report on SMCSMC Trading Up 1.1%The company has a market capitalization of $22.65 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.95 and a beta of 1.04. The business's 50-day simple moving average is $16.21 and its 200-day simple moving average is $16.96. SMC (OTCMKTS:SMCAY - Get Free Report) last issued its 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 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 forecast that Smc Corporation will post 0.79 EPS for the current fiscal year. SMC Company Profile (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.See AlsoFive stocks we like better than SMCUsing the MarketBeat Dividend Tax CalculatorMonday.com Opens Generational Opportunity With Manic Sell-OffComparing and Trading High PE Ratio StocksAn Earnings Win With a Stock Slump: What's Happening With D-Wave?What Does a Stock Split Mean? 3 Stocks Showing Relative Strength as Markets Pull BackThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in SMC Right Now?Before you consider SMC, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SMC wasn't on the list.While SMC currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here