Fanuc (OTCMKTS:FANUY) Lowered to Hold Rating by UBS Group

Fanuc (OTCMKTS:FANUY) was downgraded by analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Fanuc Price Performance

Shares of OTCMKTS:FANUY opened at $19.95 on Thursday. The company has a 50 day moving average of $21.49 and a 200-day moving average of $21.28. Fanuc has a one year low of $13.60 and a one year high of $27.54. The stock has a market cap of $39.19 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 2.84 and a beta of 1.04.

Fanuc (OTCMKTS:FANUY) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.47 billion. Fanuc had a return on equity of 9.59% and a net margin of 20.11%. Equities research analysts anticipate that Fanuc will post 0.68 earnings per share for the current year.

Fanuc Company Profile

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.