Yaskawa Electric (OTCMKTS:YASKY) Trading Down 6.8% – Here’s What Happened

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares dropped 6.8% during trading on Friday . The company traded as low as $57.11 and last traded at $57.11. Approximately 215 shares traded hands during trading, a decline of 98% from the average daily volume of 10,888 shares. The stock had previously closed at $61.28.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised shares of Yaskawa Electric to a “buy” rating in a research note on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Yaskawa Electric currently has an average rating of “Buy”.

Yaskawa Electric Stock Performance

The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 30.47 and a beta of 1.00. The company’s 50-day simple moving average is $65.32 and its 200-day simple moving average is $55.49. The company has a quick ratio of 1.16, a current ratio of 2.14 and a debt-to-equity ratio of 0.10.

Yaskawa Electric (OTCMKTS:YASKY) last announced its earnings results on Friday, January 9th. The technology company reported $0.37 EPS for the quarter. Yaskawa Electric had a net margin of 6.86% and a return on equity of 8.18%. The company had revenue of $892.43 million during the quarter. Analysts predict that Yaskawa Electric Corp. will post 3.02 EPS for the current fiscal year.

Yaskawa Electric Company Profile

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.