Fanuc (OTCMKTS:FANUY) Shares Gap Up – Here’s Why

Shares of Fanuc Corp. (OTCMKTS:FANUY) gapped up before the market opened on Friday . The stock had previously closed at $18.69, but opened at $19.67. Fanuc shares last traded at $19.80, with a volume of 11,463 shares.

Fanuc Stock Up 5.9%

The stock has a fifty day moving average of $19.77 and a two-hundred day moving average of $18.35. The stock has a market cap of $38.90 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 2.69 and a beta of 0.80.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings data on Monday, January 26th. The industrial products company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Fanuc had a return on equity of 9.14% and a net margin of 19.36%.The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $210.35 billion. On average, research analysts expect that Fanuc Corp. will post 0.46 EPS for the current year.

About Fanuc

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.