Fanuc (OTCMKTS:FANUY) Sees Large Volume Increase – Here’s What Happened
by Renee Jackson · The Cerbat GemShares of Fanuc Corp. (OTCMKTS:FANUY – Get Free Report) saw an uptick in trading volume on Thursday. Approximately 3,133,247 shares traded hands during trading, an increase of 472% from the average daily volume of 548,052 shares. The stock last traded at $17.19 and had previously closed at $17.90.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Zacks Research upgraded Fanuc from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 23rd. UBS Group cut Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Finally, Citigroup downgraded Fanuc from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. 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.com, the company has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on Fanuc
Fanuc Trading Down 3.1%
The stock has a market capitalization of $34.08 billion, a P/E ratio of 25.51, a P/E/G ratio of 1.84 and a beta of 1.17. The company’s 50-day moving average is $18.62 and its two-hundred day moving average is $20.46.
Fanuc (OTCMKTS:FANUY – Get Free Report) last announced its quarterly earnings results on Friday, October 23rd. The industrial products company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. Fanuc had a net margin of 21.53% and a return on equity of 10.47%. Sell-side analysts expect that Fanuc Corp. will post 0.77 EPS for the current fiscal year.
About Fanuc
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.