Fanuc (OTCMKTS:FANUY) Shares Gap Up – Still a Buy?

Fanuc Corp. (OTCMKTS:FANUY) gapped up before the market opened on Wednesday . The stock had previously closed at $24.14, but opened at $25.61. Fanuc shares last traded at $24.82, with a volume of 138,330 shares.

Fanuc Stock Up 2.4%

The stock has a market capitalization of $48.57 billion, a PE ratio of 41.90, a PEG ratio of 3.10 and a beta of 1.01. The stock’s 50 day moving average price is $21.40 and its 200-day moving average price is $20.18.

Fanuc (OTCMKTS:FANUY) last released its earnings results on Friday, April 24th. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $224.28 billion. Fanuc had a net margin of 19.41% and a return on equity of 9.15%. On average, analysts forecast that Fanuc Corp. will post 0.68 earnings per share for the current year.

About Fanuc

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.