Fanuc (OTCMKTS:FANUY) Reaches New 52-Week High – Here’s What Happened

Fanuc Corp. (OTCMKTS:FANUY)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $15.77 and last traded at $15.49, with a volume of 45625 shares traded. The stock had previously closed at $15.33.

Analysts Set New Price Targets

Separately, Hsbc Global Res lowered shares of Fanuc from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Fanuc Stock Performance

The firm’s fifty day simple moving average is $14.62 and its 200-day simple moving average is $13.60. The stock has a market cap of $29.47 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 3.79 and a beta of 0.71.

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