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

Yaskawa Electric Corp. (OTCMKTS:YASKY) gapped up before the market opened on Tuesday . The stock had previously closed at $84.99, but opened at $89.46. Yaskawa Electric shares last traded at $89.46, with a volume of 366 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Jefferies Financial Group raised shares of Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup upgraded shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

Yaskawa Electric Stock Performance

The stock has a market capitalization of $11.36 billion, a P/E ratio of 48.41 and a beta of 1.44. The stock’s 50-day simple moving average is $81.61 and its 200 day simple moving average is $68.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.47 and a quick ratio of 1.36.

Yaskawa Electric (OTCMKTS:YASKY) last announced its earnings results on Friday, April 10th. The technology company reported $0.48 EPS for the quarter. Yaskawa Electric had a net margin of 6.50% and a return on equity of 7.51%. The business had revenue of $941.89 million during the quarter.

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.