Fanuc (OTCMKTS:FANUY) Sees Unusually-High Trading Volume – Still a Buy?

Fanuc Corp. (OTCMKTS:FANUY) shares saw an uptick in trading volume on Friday. Approximately 1,294,519 shares were traded during trading, an increase of 152% from the average daily volume of 514,329 shares. The stock last traded at $17.16 and had previously closed at $16.80.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FANUY. Zacks Research upgraded shares of Fanuc from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 23rd. Citigroup cut shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Finally, UBS Group lowered shares of Fanuc from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. One research 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 currently has an average rating of “Moderate Buy”.

Fanuc Stock Performance

The stock has a market cap of $33.71 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 1.92 and a beta of 1.17. The company has a 50-day moving average of $18.72 and a 200-day moving average of $20.53.

Fanuc (OTCMKTS:FANUY) last released its earnings results on Friday, October 23rd. The industrial products company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. Fanuc had a return on equity of 10.47% and a net margin of 21.53%. As a group, equities research analysts forecast that Fanuc Corp. will post 0.77 EPS for the current year.

About Fanuc

Fanuc Corp. is a Japanese manufacturer of factory automation equipment and industrial robotics headquartered in Yamanashi, Japan. The company provides automation technologies used in manufacturing, including computer numerical control (CNC) systems, servo motors and amplifiers, and related control software and hardware.

Fanuc’s product portfolio includes industrial robots and collaborative robots, as well as automated machining and production systems. Its portfolio also includes ROBODRILL machining centers, ROBOSHOT electric injection molding machines, ROBOCUT wire-cut electrical discharge machines, and systems designed to connect, monitor and optimize factory equipment.

The company traces its origins to research and development in numerical control and servo technologies at Fujitsu during the 1950s and became an independent company in 1972.