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

Fanuc Corp. (OTCMKTS:FANUY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $24.3572, but opened at $22.73. Fanuc shares last traded at $22.80, with a volume of 33,407 shares changing hands.

Fanuc Stock Up 1.1%

The business has a fifty day simple moving average of $21.86 and a 200 day simple moving average of $20.39. The company has a market cap of $44.99 billion, a price-to-earnings ratio of 38.81, a P/E/G ratio of 2.81 and a beta of 1.01.

Fanuc (OTCMKTS:FANUY) last released its earnings results on Friday, April 24th. The industrial products company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Fanuc had a return on equity of 9.15% and a net margin of 19.41%.The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $224.28 billion. Equities analysts anticipate that Fanuc Corp. will post 0.67 EPS for the current fiscal year.

Fanuc Company Profile

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.