Fanuc (OTCMKTS:FANUY) Sees Large Volume Increase – Time to Buy?

Fanuc Corp. (OTCMKTS:FANUY) saw unusually-strong trading volume on Friday. 446,325 shares traded hands during trading, a decline of 9% from the previous session’s volume of 488,189 shares. The stock last traded at $18.8550 and had previously closed at $19.14.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FANUY shares. UBS Group cut shares of Fanuc from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Citigroup lowered Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Fanuc Price Performance

The company has a fifty day moving average price of $19.18 and a 200 day moving average price of $20.91. The company has a market cap of $36.88 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.64 and a beta of 1.07.

Fanuc (OTCMKTS:FANUY) last announced its earnings results 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 business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.47 billion. Fanuc had a net margin of 20.11% and a return on equity of 9.60%. As a group, sell-side analysts predict that Fanuc Corp. will post 0.68 EPS for the current fiscal year.

About Fanuc

FANUC Corporation is a Japanese provider of factory automation and industrial robotics technology. The company develops and manufactures computerized numerical control (CNC) systems, servo motors and servo amplifiers used to control machine tools and production equipment.

Its product portfolio also includes industrial robots and robotic systems for applications such as assembly, material handling, welding, packaging and painting. FANUC offers factory automation equipment including machining centers, electric injection molding machines and wire-cut electrical discharge machines, as well as software and related services designed to support automated manufacturing operations.

FANUC traces its origins to numerical control research conducted by Fujitsu in the 1950s and became an independent company in 1972.