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

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $65.46, but opened at $63.11. Yaskawa Electric shares last traded at $64.2660, with a volume of 345 shares changing hands.

Wall Street Analysts Forecast Growth

YASKY has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded shares of Yaskawa Electric from a “hold” rating to a “buy” rating in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft raised shares of Yaskawa Electric to a “buy” rating in a research report on Monday, November 24th. UBS Group upgraded Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Finally, Nomura raised Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Yaskawa Electric Stock Down 0.4%

The stock has a market cap of $8.46 billion, a PE ratio of 34.14 and a beta of 1.01. The business has a fifty day moving average of $58.69 and a 200-day moving average of $50.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.14 and a quick ratio of 1.22.

Yaskawa Electric (OTCMKTS:YASKY) last issued its earnings results on Friday, January 9th. The technology company reported $0.37 earnings per share for the quarter. The business had revenue of $892.43 million during the quarter. Yaskawa Electric had a return on equity of 8.18% and a net margin of 6.86%. 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 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.