Fanuc (OTCMKTS:FANUY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

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 (OTCMKTS:FANUY) traded down $0.48 during midday trading on Thursday, reaching $28.78. 840,265 shares of the company traded hands, compared to its average volume of 237,958. The company has a market capitalization of $59,710.00, a price-to-earnings ratio of 70.03, a PEG ratio of 3.33 and a beta of 0.81. Fanuc has a fifty-two week low of $18.06 and a fifty-two week high of $30.42.

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Fanuc Company Profile

Fanuc Corporation provides factory automation products worldwide. The company offers CNC series, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire-cut electric discharge machines, and super nano machines. Fanuc Corporation was founded 1972 and is headquartered in Yamanashi, Japan.

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