SMC Co. (OTCMKTS:SMCAY – Get Rating) hit a new 52-week low on Monday . The stock traded as low as $25.06 and last traded at $25.21, with a volume of 138007 shares changing hands. The stock had previously closed at $25.70.
Separately, Zacks Investment Research raised SMC from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Thursday, February 17th.
The firm has a fifty day simple moving average of $28.14 and a two-hundred day simple moving average of $30.10. The firm has a market capitalization of $33.97 billion, a P/E ratio of 22.15 and a beta of 0.88.
SMC Corporation manufactures, processes, and sells automatic control equipment, sintered filters, and various types of filtration equipment worldwide. The company offers directional control valves, air cylinders, rotary actuators/air grippers, electric actuators/cylinders, vacuum equipment, air preparation equipment, modular F.R.L./pressure control equipment, lubrication equipment, fittings and tubings, flow control equipment, speed controllers, silencers/exhaust cleaners/blow guns/pressure gauges, switches/sensors/controllers, and static neutralization equipment.
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