Smc Corp Spon (SMCAY) Stock Rating Lowered by Zacks Investment Research

Smc Corp Spon (NASDAQ:SMCAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, April 14th.

According to Zacks, “SMC Corp. engages in the manufacture, processing and sale of automatic control equipment. It also manufactures and sells filters and filtration equipment. The company operates through the Automatic Control Equipment and Others segments. Automatic Control Equipment segment manufactures and sale of air preparation equipment, pressure control equipment, directional control valves and actuators. Others segment includes the commercial warehousing business. SMC Corp. is headquartered in Tokyo, Japan. “

Smc Corp Spon (NASDAQ:SMCAY) traded up 3.33% during trading on Friday, hitting $15.03. The company had a trading volume of 17,174 shares. The company has a market capitalization of $20.20 billion and a price-to-earnings ratio of 19.86. The firm has a 50-day moving average of $14.33 and a 200 day moving average of $13.83. Smc Corp Spon has a 12-month low of $11.51 and a 12-month high of $15.31.

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