Fanuc (OTCMKTS:FANUY) Shares Gap Up - Still a Buy?

Key Points

• Fanuc Corp. shares opened at $14.85 after closing at $14.40, indicating a significant gap up prior to trading.
• Analyst ratings have shifted, with Hsbc Global Res downgrading Fanuc from a "strong-buy" to a "hold," while the stock maintains an average rating of "Buy."
• Fanuc reported quarterly earnings of $0.14 per share, exceeding expectations, but revenues fell slightly short of analysts' predictions at $1.34 billion.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $14.40, but opened at $14.85. Fanuc shares last traded at $14.15, with a volume of 13,340 shares trading hands.

Analyst Ratings Changes

Separately, Hsbc Global Res lowered 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 company's stock. According to data from MarketBeat, Fanuc has an average rating of "Buy".

Fanuc Price Performance

The business has a 50 day simple moving average of $14.47 and a 200 day simple moving average of $13.60. The company has a market capitalization of $27.90 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 3.73 and a beta of 0.66.

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

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