Fanuc (OTCMKTS:FANUY) Shares Gap Down – Here’s Why

Fanuc Corp. (OTCMKTS:FANUY) gapped down before the market opened on Tuesday . The stock had previously closed at $25.2220, but opened at $23.60. Fanuc shares last traded at $23.74, with a volume of 345,901 shares.

Fanuc Trading Down 1.2%

The company has a fifty day simple moving average of $20.37 and a two-hundred day simple moving average of $19.68. The company has a market cap of $46.76 billion, a PE ratio of 40.34, a P/E/G ratio of 3.08 and a beta of 0.99.

Fanuc (OTCMKTS:FANUY) last issued its quarterly earnings results on Friday, April 24th. The industrial products company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Fanuc had a return on equity of 9.24% and a net margin of 19.41%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $224.28 billion. On average, research analysts anticipate that Fanuc Corp. will post 0.68 EPS 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.