Yaskawa Electric (OTCMKTS:YASKY) Trading Up 10.9% – Here’s What Happened

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s stock price shot up 10.9% on Wednesday . The stock traded as high as $70.52 and last traded at $69.2150. Approximately 445 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 11,690 shares. The stock had previously closed at $62.39.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on YASKY. Citigroup upgraded shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. 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. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Yaskawa Electric has a consensus rating of “Buy”.

Yaskawa Electric Price Performance

The company has a current ratio of 2.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $8.68 billion, a P/E ratio of 39.36 and a beta of 1.47. The company has a 50 day moving average price of $77.34 and a 200 day moving average price of $70.79.

Yaskawa Electric (OTCMKTS:YASKY) last posted its quarterly earnings results on Friday, July 10th. The technology company reported $0.26 earnings per share for the quarter. Yaskawa Electric had a return on equity of 7.00% and a net margin of 6.11%.The business had revenue of $875.77 million for the quarter.

About Yaskawa Electric

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.