Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Up – Still a Buy?

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY) gapped up prior to trading on Friday . The stock had previously closed at $42.58, but opened at $45.85. Yaskawa Electric shares last traded at $46.30, with a volume of 9,730 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently commented on YASKY shares. Zacks Research upgraded shares of Yaskawa Electric from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 18th. The Goldman Sachs Group downgraded shares of Yaskawa Electric from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Yaskawa Electric Stock Performance

The company has a current ratio of 2.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 16.19 and a beta of 1.11. The stock’s 50 day moving average price is $41.69 and its two-hundred day moving average price is $43.18.

Yaskawa Electric (OTCMKTS:YASKY) last posted its quarterly earnings results on Friday, October 3rd. The technology company reported $0.59 earnings per share for the quarter. Yaskawa Electric had a net margin of 10.37% and a return on equity of 12.90%. The business had revenue of $914.02 million for the quarter. On average, analysts forecast that Yaskawa Electric Corp. will post 3.02 EPS for the current year.

About Yaskawa Electric

YASKAWA Electric Corporation engages in motion control, robotics, system engineering, and other businesses worldwide. It manufactures and sells various AC drives, including general purpose AC drives, specific purpose AC drives, AC Drive for systems, regenerative energy saving units, and PM motors for use in household appliances, such as air conditioners and refrigerators; social infrastructures comprising elevators, escalators, trains, cranes, fans, and pumps; and factories that manufacture printing machinery, textile machinery, rubber machinery, and other materials.