Fanuc (OTCMKTS:FANUY) Shares Gap Up - What's Next?

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $12.95, but opened at $14.80. Fanuc shares last traded at $14.57, with a volume of 33,782 shares trading hands.

Analysts Set New Price Targets

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

Fanuc Stock Performance

The firm's 50-day moving average price is $13.25 and its two-hundred day moving average price is $13.55. The firm has a market capitalization of $29.09 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 7.62 and a beta of 0.63.

Fanuc (OTCMKTS:FANUY - Get Free Report) last issued 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $206.15 billion. Fanuc had a net margin of 18.55% and a return on equity of 8.57%. As a group, equities research analysts anticipate 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.