Fanuc (OTCMKTS:FANUY) Shares Gap Down – Here’s What Happened

Fanuc Corp. (OTCMKTS:FANUY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $20.32, but opened at $19.20. Fanuc shares last traded at $19.19, with a volume of 36,782 shares trading hands.

Fanuc Stock Performance

The firm has a market cap of $37.96 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 2.60 and a beta of 1.04. The business’s 50-day moving average is $22.41 and its 200-day moving average is $21.32.

Fanuc (OTCMKTS:FANUY) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.47 billion. Fanuc had a return on equity of 9.59% and a net margin of 20.11%. Equities research analysts expect that Fanuc Corp. will post 0.65 EPS for the current fiscal year.

About Fanuc

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.