Fanuc (OTCMKTS:FANUY) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Key Points

• Fanuc Corp.'s share price has surpassed its 200-day moving average, reaching as high as $14.25 and last trading at $14.17 with a volume of 233,399 shares.
• Analysts have mixed ratings on Fanuc, with one issuing a strong buy and another a hold, resulting in an average rating of "Buy."
• For the most recent quarter, Fanuc reported an earnings per share (EPS) of $0.14, exceeding analysts' expectations, with projected EPS of 0.46 for the current year.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.59 and traded as high as $14.25. Fanuc shares last traded at $14.17, with a volume of 233,399 shares traded.

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 report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Fanuc has a consensus rating of "Buy".

Fanuc Price Performance

The stock has a market capitalization of $29.16 billion, a PE ratio of 26.04, a PEG ratio of 3.58 and a beta of 0.66. The stock's 50 day simple moving average is $14.39 and its two-hundred day simple moving average is $13.58.

Fanuc (OTCMKTS:FANUY - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The industrial products company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Fanuc had a return on equity of 9.10% and a net margin of 19.62%.The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. As a group, equities research analysts predict 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.