Fanuc (OTCMKTS:FANUY) Sees Strong Trading Volume - Here's Why

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 621,766 shares were traded during mid-day trading, an increase of 25% from the previous session's volume of 498,220 shares.The stock last traded at $13.26 and had previously closed at $13.00.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of Fanuc from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th.

Fanuc Trading Up 1.4%

The business's 50-day simple moving average is $13.08 and its 200-day simple moving average is $13.53. The company has a market cap of $26.70 billion, a PE ratio of 25.64, a P/E/G ratio of 6.74 and a beta of 0.63.

Fanuc (OTCMKTS:FANUY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $206.15 billion. Fanuc had a return on equity of 8.57% and a net margin of 18.55%. On average, research analysts predict that Fanuc Corp. will post 0.46 earnings per share for the current fiscal year.

Fanuc Company Profile

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.