Fanuc (OTCMKTS:FANUY) Sets New 1-Year High – Time to Buy?

Fanuc Corp. (OTCMKTS:FANUY) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.86 and last traded at $20.3450, with a volume of 82810 shares traded. The stock had previously closed at $20.3430.

Analyst Ratings Changes

Separately, Hsbc Global Res raised shares of Fanuc from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Fanuc Stock Performance

The stock’s fifty day simple moving average is $17.63 and its two-hundred day simple moving average is $15.49. The stock has a market capitalization of $39.94 billion, a P/E ratio of 35.67, a price-to-earnings-growth ratio of 4.06 and a beta of 0.68.

Fanuc (OTCMKTS:FANUY) last posted its quarterly earnings data on Friday, October 31st. The industrial products company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $198.19 billion. Fanuc had a return on equity of 9.03% and a net margin of 19.28%. As a group, analysts expect that Fanuc Corp. will post 0.46 earnings per share for the current fiscal 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.