Fanuc (OTCMKTS:FANUY) Shares Gap Up – Time to Buy?
by Teresa Graham · The Cerbat GemFanuc Corp. (OTCMKTS:FANUY – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $24.42, but opened at $25.53. Fanuc shares last traded at $25.73, with a volume of 144,436 shares changing hands.
Fanuc Trading Up 6.3%
The firm has a market cap of $50.98 billion, a P/E ratio of 43.98, a PEG ratio of 2.91 and a beta of 0.99. The firm has a 50-day simple moving average of $20.47 and a 200-day simple moving average of $19.73.
Fanuc (OTCMKTS:FANUY – Get Free Report) last posted its quarterly earnings data on Friday, April 24th. The industrial products company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $224.28 billion. Fanuc had a return on equity of 9.24% and a net margin of 19.41%. Research analysts predict that Fanuc Corp. will post 0.68 earnings per share for the current fiscal 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.