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

Fanuc Corp. (OTCMKTS:FANUY) gapped down prior to trading on Wednesday . The stock had previously closed at $17.25, but opened at $16.71. Fanuc shares last traded at $16.88, with a volume of 70,894 shares traded.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res upgraded Fanuc from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Fanuc Trading Up 0.2%

The business has a 50 day simple moving average of $15.80 and a two-hundred day simple moving average of $14.55. The stock has a market cap of $37.64 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 3.56 and a beta of 0.70.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings data on Friday, October 31st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Fanuc had a return on equity of 9.03% and a net margin of 19.28%.The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $198.19 billion. Research analysts anticipate that Fanuc Corp. will post 0.46 EPS for the current fiscal year.

About Fanuc

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.