Fanuc (OTCMKTS:FANUY) Shares Pass Above 200 Day Moving Average of $15.29

Fanuc Co. (OTCMKTS:FANUY – Get Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.29 and traded as high as $16.99. Fanuc shares last traded at $16.75, with a volume of 535,131 shares traded.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Fanuc from a “buy” rating to a “conviction-buy” rating in a research report on Sunday, September 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Fanuc currently has a consensus rating of “Hold”.

Fanuc Price Performance

The stock has a 50-day simple moving average of $15.10 and a 200-day simple moving average of $15.29. The stock has a market cap of $33.82 billion, a P/E ratio of 25.00, a PEG ratio of 22.52 and a beta of 0.95.

Fanuc (OTCMKTS:FANUY – Get Rating) last released its earnings results on Thursday, October 27th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Fanuc had a net margin of 20.16% and a return on equity of 10.22%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.66 billion. As a group, sell-side analysts forecast that Fanuc Co. will post 0.62 earnings per share for the current year.

Fanuc Company Profile

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Fanuc Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.