Fanuc (OTCMKTS:FANUY) Downgraded by UBS Group to “Hold”

UBS Group cut shares of Fanuc (OTCMKTS:FANUY) from a strong-buy rating to a hold rating in a research report report published on Thursday,Zacks.com reports.

Fanuc Price Performance

Shares of Fanuc stock opened at $19.95 on Thursday. The firm has a market cap of $39.19 billion, a P/E ratio of 32.18, a P/E/G ratio of 2.84 and a beta of 1.04. The firm has a 50 day simple moving average of $21.49 and a 200 day simple moving average of $21.28. Fanuc has a fifty-two week low of $13.60 and a fifty-two week high of $27.54.

Fanuc (OTCMKTS:FANUY) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Fanuc had a net margin of 20.11% and a return on equity of 9.59%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. On average, sell-side analysts expect that Fanuc will post 0.68 EPS for the current 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.