Fanuc (OTCMKTS:FANUY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Fanuc Corp. (OTCMKTS:FANUY)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.90 and traded as high as $18.80. Fanuc shares last traded at $18.50, with a volume of 245,871 shares.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res upgraded shares of Fanuc from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Fanuc currently has an average rating of “Strong Buy”.

Fanuc Trading Down 5.0%

The firm’s fifty day moving average price is $16.58 and its two-hundred day moving average price is $14.90. The stock has a market capitalization of $36.35 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 4.05 and a beta of 0.70.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings results on Friday, October 31st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Fanuc had a net margin of 19.28% and a return on equity of 9.03%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $198.19 billion. As a group, sell-side analysts anticipate that Fanuc Corp. will post 0.46 earnings per share for the current fiscal 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.