Fanuc (OTCMKTS:FANUY) Shares Gap Down - Here's Why

Key Points

• Fanuc Corp. shares gapped down on Friday, opening at $14.00 after a previous close of $14.63, with last trades at $14.15.
• Hsbc Global Res downgraded Fanuc from a "strong-buy" to a "hold" rating, contributing to a consensus rating of "Buy" among analysts.
• In its latest earnings report, Fanuc reported an EPS of $0.14 for the quarter, beating estimates, but revenue of $1.34 billion fell slightly short of the expected $1.35 billion.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $14.63, but opened at $14.00. Fanuc shares last traded at $14.15, with a volume of 38,383 shares trading hands.

Analysts Set New Price Targets

Separately, Hsbc Global Res lowered Fanuc from a "strong-buy" rating to a "hold" rating in a research note 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's stock. According to data from MarketBeat, Fanuc has an average rating of "Buy".

Fanuc Stock Up 4.4%

The stock has a market cap of $29.06 billion, a PE ratio of 24.86, a P/E/G ratio of 3.58 and a beta of 0.66. The company has a fifty day moving average price of $14.34 and a 200 day moving average price of $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 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.35 billion. As a group, research analysts predict that Fanuc Corp. will post 0.46 earnings per share 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.