Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Up – Here’s Why

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $59.76, but opened at $62.70. Yaskawa Electric shares last traded at $61.15, with a volume of 627 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on YASKY. Deutsche Bank Aktiengesellschaft upgraded shares of Yaskawa Electric to a “buy” rating in a report on Monday, November 24th. The Goldman Sachs Group raised shares of Yaskawa Electric from a “hold” rating to a “buy” rating in a research report on Monday, October 13th. Nomura Securities raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. UBS Group upgraded shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Finally, Zacks Research raised shares of Yaskawa Electric from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Yaskawa Electric presently has a consensus rating of “Buy”.

Yaskawa Electric Trading Up 0.8%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.26. The stock’s 50-day simple moving average is $56.19 and its 200-day simple moving average is $48.00. The firm has a market capitalization of $7.88 billion, a PE ratio of 20.32 and a beta of 1.04.

Yaskawa Electric (OTCMKTS:YASKY) last posted its earnings results on Friday, October 3rd. The technology company reported $0.59 EPS for the quarter. The firm had revenue of $914.02 million during the quarter. Yaskawa Electric had a net margin of 10.72% and a return on equity of 13.12%. As a group, sell-side analysts expect that Yaskawa Electric Corp. will post 3.02 EPS for the current fiscal year.

Yaskawa Electric Company Profile

Yaskawa Electric Corporation is a Japan‐based manufacturer of industrial automation equipment, specializing in motion control technology, robotics, and drive systems. The company designs and produces a range of products that include AC and DC servo motors, inverters, programmable logic controllers, welding robots and general-purpose industrial robots. Its offerings are used across diverse sectors such as automotive, electronics, food and beverage, pharmaceuticals, and logistics to improve productivity, precision and energy efficiency in manufacturing processes.

Founded in 1915 in Kitakyushu, Japan, Yaskawa Electric has evolved from a regional motor repair shop into a global provider of factory automation and mechatronic solutions.