FANUC (OTCMKTS:FANUY) Stock Passes Above 200-Day Moving Average – What’s Next?

FANUC Co. (OTCMKTS:FANUY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.53 and traded as high as $13.61. FANUC shares last traded at $13.31, with a volume of 250,968 shares traded.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of FANUC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 20th.

FANUC Stock Performance

The company has a market cap of $26.15 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 2.62 and a beta of 0.63. The stock’s fifty day simple moving average is $12.84 and its two-hundred day simple moving average is $13.53.

FANUC (OTCMKTS:FANUY) last issued its earnings results on Wednesday, April 23rd. The industrial products company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. FANUC had a return on equity of 7.98% and a net margin of 17.59%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $206.15 billion. Analysts predict that FANUC Co. will post 0.46 EPS for the current fiscal year.

FANUC Company Profile

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.