Fanuc (OTCMKTS:FANUY) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Fanuc Corp.'s share price recently crossed above its 200-day moving average, trading at $13.84 with a volume of 308,043 shares.
• Analyst ratings show mixed opinions, with HSBC downgrading Fanuc to "hold" while UBS upgraded it to "strong-buy"; the stock now holds an average rating of "Buy."
• In its latest earnings report, Fanuc surpassed earnings expectations with $0.14 per share, although revenue fell slightly short of estimates at $1.34 billion.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.61 and traded as high as $14.00. Fanuc shares last traded at $13.84, with a volume of 308,043 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on FANUY. Hsbc Global Res downgraded shares of Fanuc from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 6th. UBS Group upgraded shares of Fanuc from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy".

Fanuc Trading Up 1.8%

The company has a market cap of $28.23 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 3.57 and a beta of 0.66. The stock's fifty day simple moving average is $14.18 and its 200 day simple moving average is $13.60.

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