FANUC Ltd JAPAN/ADR (FANUY) Raised to Hold at Zacks Investment Research
FANUC Ltd JAPAN/ADR (OTCMKTS:FANUY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued 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. “
OTCMKTS:FANUY traded down $0.56 during trading hours on Thursday, reaching $16.30. 828,190 shares of the company’s stock were exchanged, compared to its average volume of 500,558. The stock has a market capitalization of $33.21 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 13.98 and a beta of 1.13. FANUC Ltd JAPAN/ADR has a 12 month low of $15.24 and a 12 month high of $30.42.
Fanuc Corporation provides factory automation products primarily in the Americas, Europe, and Asia. It offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire-cut electric discharge machines, and ultra-precision machines. The company was founded in 1972 and is headquartered in Oshino, Japan.
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