Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Down – Here’s What Happened

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY) gapped down prior to trading on Thursday . The stock had previously closed at $54.60, but opened at $52.17. Yaskawa Electric shares last traded at $53.23, with a volume of 4,328 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Yaskawa Electric from a “hold” rating to a “buy” rating in a report on Monday, October 13th. Zacks Research upgraded shares of Yaskawa Electric from a “strong sell” rating to a “hold” rating in a report on Thursday, September 18th. Nomura Securities raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Finally, UBS Group raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Yaskawa Electric Stock Performance

The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 17.76 and a beta of 1.15. The company’s 50 day simple moving average is $49.25 and its 200 day simple moving average is $45.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.26.

Yaskawa Electric (OTCMKTS:YASKY) last announced its earnings results on Friday, October 3rd. The technology company reported $0.59 earnings per share (EPS) for the quarter. Yaskawa Electric had a return on equity of 13.12% and a net margin of 10.72%.The company had revenue of $914.02 million for the quarter. On average, equities research analysts anticipate that Yaskawa Electric Corp. will post 3.02 earnings per share for the current year.

Yaskawa Electric Company Profile

YASKAWA Electric Corporation engages in motion control, robotics, system engineering, and other businesses worldwide. It manufactures and sells various AC drives, including general purpose AC drives, specific purpose AC drives, AC Drive for systems, regenerative energy saving units, and PM motors for use in household appliances, such as air conditioners and refrigerators; social infrastructures comprising elevators, escalators, trains, cranes, fans, and pumps; and factories that manufacture printing machinery, textile machinery, rubber machinery, and other materials.