Fanuc Corp. (FANUY) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Fanuc Corp. (OTCMKTS:FANUY) from a buy rating to a hold rating in a research report released on Friday morning.

According to Zacks, “Fanuc Ltd. is a manufacturer of factory automation and robots. It is engaged in the development, manufacture, sale and maintenance of robots and factory automation products primarily in Japan, US, Europe and other Asian countries. The Company’s technology is applied in the automation of machine tools. Its products lineup includes: computer numerical control series; servo motors; carbon dioxide laser oscillators; industrial lasers; robots and robot machines; machine for milling and boring, precision molding machines, wire-cut electric discharge machine and nano control technology based machines that have their applications in optical electronics, medical, semiconductor and biotechnology fields. Fanuc Ltd. is headquartered in Yamanashi Prefecture, Japan. “

Separately, Macquarie restated a neutral rating on shares of Fanuc Corp. in a research note on Monday, July 31st.

Fanuc Corp. (FANUY) opened at 19.56 on Friday. The firm’s 50-day moving average is $19.91 and its 200-day moving average is $19.93. Fanuc Corp. has a 52-week low of $16.20 and a 52-week high of $21.74. The company has a market capitalization of $37.92 billion, a PE ratio of 29.99 and a beta of 0.68.

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