Fanuc Corp. (OTCMKTS:FANUY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “Fanuc Ltd. is a manufacturer of factory automation and robots. It is engaged in the development, manufacture, sale and maintenance of robots and factory automation products primarily in Japan, US, Europe and other Asian countries. The Company’s technology is applied in the automation of machine tools. Its products lineup includes: computer numerical control series; servo motors; carbon dioxide laser oscillators; industrial lasers; robots and robot machines; machine for milling and boring, precision molding machines, wire-cut electric discharge machine and nano control technology based machines that have their applications in optical electronics, medical, semiconductor and biotechnology fields. Fanuc Ltd. is headquartered in Yamanashi Prefecture, Japan. “

Shares of Fanuc Corp. (OTCMKTS:FANUY) opened at 18.153 on Monday. The stock’s 50 day moving average is $18.00 and its 200 day moving average is $16.52. The stock has a market capitalization of $21.07 billion, a PE ratio of 0.160 and a beta of 0.68. Fanuc Corp. has a 52-week low of $12.93 and a 52-week high of $19.00.

Receive News & Stock Ratings for Fanuc Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fanuc Corp. and related stocks with our FREE daily email newsletter.