Smc Corp Spon (SMCAY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Smc Corp Spon (NASDAQ:SMCAY) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

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. “

Shares of Smc Corp Spon (NASDAQ SMCAY) opened at 17.95 on Tuesday. The stock has a 50 day moving average of $16.87 and a 200 day moving average of $15.50. The stock has a market capitalization of $24.12 billion and a PE ratio of 21.20. Smc Corp Spon has a 52-week low of $11.51 and a 52-week high of $18.28.

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