Zacks Investment Research lowered shares of Yaskawa Electric Corp. (OTCMKTS:YASKY) from a strong-buy rating to a sell rating in a research report released on Wednesday.

According to Zacks, “YASKAWA Electric Corporation is involved in manufacturing, sales, installation, maintenance and engineering of electrical equipment. The company operates through Motion Control, Robotics, System Engineering, Information Technologies and Other parts of business. Its products include spindle controllers, computerized numerical control systems, and system engineering. YASKAWA Electric Corporation is headquartered in Kitakyushu, Japan. “

Yaskawa Electric Corp. (OTCMKTS YASKY) traded up 0.82% during mid-day trading on Wednesday, hitting $62.80. 869 shares of the stock traded hands. The company has a 50-day moving average of $59.95 and a 200 day moving average of $46.16. Yaskawa Electric Corp. has a 1-year low of $28.92 and a 1-year high of $64.82. The firm has a market capitalization of $8.36 billion, a P/E ratio of 33.84 and a beta of 0.99.

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About Yaskawa Electric Corp.

YASKAWA Electric Corporation engages in the motion control, robotics, system engineering, and other businesses in the Americas, Europe, the Asia Pacific, and Africa. It manufactures and sells various AC drives, including general purpose AC drives, medium-voltage AC drives, system-use AC drives, and power regenerative units for use in cranes, fans, pumps, machine tools, conveyers, automated ware houses, and metal working machinery; system controllers for iron and steel systems, water and wastewater treatment, and paper-making/film/port cargo handling/fiber/printing; and rotary servo motors, direct drive servo motors, linear servo motors, linear sliders, machine controllers, motion adapters, and machine vision systems that are used in chip mounters, robots, and metal working machinery.

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