Yaskawa Electric (OTCMKTS:YASKY) Trading 4.6% Higher – Here’s What Happened

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s share price was up 4.6% on Wednesday . The stock traded as high as $64.18 and last traded at $64.17. Approximately 548 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 21,100 shares. The stock had previously closed at $61.3445.

Analysts Set New Price Targets

A number of research analysts have issued reports on YASKY shares. The Goldman Sachs Group upgraded Yaskawa Electric from a “hold” rating to a “buy” rating in a research note on Monday, October 13th. Zacks Research upgraded shares of Yaskawa Electric from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 18th. UBS Group upgraded shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Yaskawa Electric to a “buy” rating in a research note on Monday, November 24th. Finally, Nomura Securities upgraded shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Yaskawa Electric Price Performance

The company has a quick ratio of 1.22, a current ratio of 2.26 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average price is $53.68 and its two-hundred day moving average price is $46.49. The stock has a market capitalization of $8.31 billion, a PE ratio of 21.42 and a beta of 1.04.

Yaskawa Electric (OTCMKTS:YASKY) last announced its earnings results on Friday, October 3rd. The technology company reported $0.59 earnings per share for the quarter. The business had revenue of $914.02 million during the quarter. Yaskawa Electric had a net margin of 10.72% and a return on equity of 13.12%. On average, equities analysts predict that Yaskawa Electric Corp. will post 3.02 earnings per share 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.