Fanuc (OTCMKTS:FANUY) Shares Gap Up – What’s Next?

Fanuc Corp. (OTCMKTS:FANUY)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $17.2350, but opened at $17.84. Fanuc shares last traded at $17.08, with a volume of 2,618,805 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FANUY shares. Citigroup cut Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. UBS Group lowered Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Finally, Zacks Research raised Fanuc from a “hold” rating to a “strong-buy” rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Fanuc Stock Down 1.2%

The stock has a market cap of $33.44 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.91 and a beta of 1.17. The company’s 50 day moving average price is $18.60 and its 200-day moving average price is $20.44.

Fanuc (OTCMKTS:FANUY) last issued its quarterly earnings data on Friday, October 23rd. The industrial products company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.05. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Fanuc had a net margin of 21.53% and a return on equity of 10.47%. Equities research analysts anticipate that Fanuc Corp. will post 0.77 earnings per share for the current year.

Fanuc Company Profile

FANUC Corporation is a Japan-based provider of factory automation equipment and services. Its products include computer numerical control (CNC) systems and machine tools, industrial robots, and automation systems used in manufacturing. The company also makes ROBOMACHINE products, including machining centers, electric injection molding machines, and wire electrical discharge machining equipment. FANUC provides related software, maintenance, and support services to help customers automate production processes.