Fanuc (OTCMKTS:FANUY) Shares Gap Up – What’s Next?

Fanuc Corp. (OTCMKTS:FANUY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $17.12, but opened at $18.67. Fanuc shares last traded at $19.0590, with a volume of 127,003 shares.

Analyst Ratings Changes

Separately, Hsbc Global Res upgraded Fanuc from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Fanuc has an average rating of “Strong Buy”.

Fanuc Stock Up 11.9%

The business’s 50 day simple moving average is $15.71 and its 200 day simple moving average is $14.52. The company has a market capitalization of $37.63 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 3.55 and a beta of 0.70.

Fanuc (OTCMKTS:FANUY) last released its quarterly earnings results on Friday, October 31st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Fanuc had a net margin of 19.28% and a return on equity of 9.15%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $198.19 billion. On average, analysts anticipate that Fanuc Corp. will post 0.46 earnings per share for the current fiscal year.

About Fanuc

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.