Fanuc (OTCMKTS:FANUY) Shares Gap Up – Should You Buy?

Shares of Fanuc Corp. (OTCMKTS:FANUY) gapped up before the market opened on Friday . The stock had previously closed at $14.37, but opened at $14.77. Fanuc shares last traded at $14.32, with a volume of 8,619 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group raised Fanuc from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 20th. Hsbc Global Res lowered Fanuc from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Fanuc Stock Down 0.6%

The firm has a fifty day moving average of $14.19 and a 200-day moving average of $13.59. The firm has a market cap of $28.06 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 3.63 and a beta of 0.66.

Fanuc (OTCMKTS:FANUY) last released its quarterly earnings data on Friday, July 25th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. Fanuc had a return on equity of 9.10% and a net margin of 19.62%. On average, equities analysts forecast that Fanuc Corp. will post 0.46 EPS for the current year.

About Fanuc

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.