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

Fanuc Corp. (OTCMKTS:FANUY) gapped down prior to trading on Monday . The stock had previously closed at $19.80, but opened at $18.77. Fanuc shares last traded at $19.51, with a volume of 22,761 shares changing hands.

Fanuc Stock Performance

The stock has a 50 day moving average of $19.76 and a 200-day moving average of $18.45. The company has a market cap of $39.21 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.69 and a beta of 0.80.

Fanuc (OTCMKTS:FANUY) last posted its quarterly earnings results on Monday, January 26th. The industrial products company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $210.35 billion. Fanuc had a net margin of 19.36% and a return on equity of 9.14%. Equities research analysts forecast that Fanuc Corp. will post 0.46 EPS for the current 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.