Fanuc (OTCMKTS:FANUY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Fanuc Corp. shares experienced a significant increase in trading volume, with 3,429,236 shares traded, reflecting a 670% rise from the previous session.
• HSBC Global Research downgraded Fanuc's rating from a "strong-buy" to a "hold", though the company maintains an average rating of "Buy."
• In its last earnings report, Fanuc reported an EPS of $0.14, slightly exceeding analyst estimates, with a net margin of 19.62% and a return on equity of 9.10%.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) shares saw an uptick in trading volume on Tuesday . 3,429,236 shares changed hands during mid-day trading, an increase of 670% from the previous session's volume of 445,279 shares.The stock last traded at $15.66 and had previously closed at $15.86.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res cut shares of Fanuc from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Fanuc has an average rating of "Buy".

Fanuc Price Performance

The firm has a market cap of $30.96 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 3.73 and a beta of 0.71. The stock's fifty day moving average price is $14.66 and its 200-day moving average price is $13.67.

Fanuc (OTCMKTS:FANUY - Get Free Report) last released its earnings results on Friday, July 25th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. Fanuc had a net margin of 19.62% and a return on equity of 9.10%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. On average, sell-side analysts anticipate that Fanuc Corp. will post 0.46 earnings per share for the current fiscal year.

About Fanuc

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.

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