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

Fanuc Corp. (OTCMKTS:FANUY) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.56 and traded as high as $20.00. Fanuc shares last traded at $19.80, with a volume of 273,417 shares changing hands.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res upgraded 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, According to MarketBeat, the company has an average rating of “Strong Buy”.

Fanuc Trading Down 1.3%

The company has a market cap of $38.90 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 3.02 and a beta of 0.70. The stock has a 50 day moving average price of $19.41 and a two-hundred day moving average price of $16.56.

Fanuc (OTCMKTS:FANUY) last released its quarterly earnings data on Monday, January 26th. The industrial products company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Fanuc had a net margin of 19.36% and a return on equity of 9.12%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $210.35 billion. On average, equities analysts forecast that Fanuc Corp. will post 0.46 EPS for the current fiscal year.

Fanuc Company Profile

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.