Fanuc (OTCMKTS:FANUY) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Fanuc Corp. (OTCMKTS:FANUY) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.22 and traded as high as $21.00. Fanuc shares last traded at $20.80, with a volume of 329,457 shares.

Wall Street Analyst Weigh In

Separately, HSBC raised shares of Fanuc from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Fanuc presently has a consensus rating of “Strong Buy”.

Fanuc Trading Down 0.0%

The stock’s 50-day moving average is $20.35 and its 200-day moving average is $17.22. The stock has a market cap of $40.87 billion, a price-to-earnings ratio of 35.86, a P/E/G ratio of 3.24 and a beta of 0.70.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings results 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 net margin of 19.36% and a return on equity of 9.14%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $210.35 billion. On average, equities analysts predict that Fanuc Corp. will post 0.46 earnings per share for the current fiscal 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.