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

Fanuc logo with Industrials background

Key Points

  • Fanuc's share price gapped up from $14.37 to $14.77 before trading, with the last traded price at $14.32 and a trading volume of 8,619 shares.
  • Equities research analysts have mixed ratings on Fanuc, with one rating a Strong Buy and one a Hold, resulting in a consensus rating of Buy.
  • Fanuc reported a net margin of 19.62% and earnings of $0.14 per share, slightly exceeding analyst expectations for the previous quarter.
  • MarketBeat previews the top five stocks to own by November 1st.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $14.37, but opened at $14.77. Fanuc shares last traded at $14.32, with a volume of 8,619 shares.

Wall Street Analysts Forecast Growth

FANUY has been the subject of several research analyst reports. UBS Group raised shares of Fanuc from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 20th. Hsbc Global Res downgraded shares of Fanuc from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy".

Get Our Latest Report on Fanuc

Fanuc Trading Down 0.8%

The stock has a market cap of $28.25 billion, a P/E ratio of 25.23, a PEG ratio of 3.63 and a beta of 0.66. The firm's 50-day simple moving average is $14.26 and its 200 day simple moving average is $13.59.

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

Fanuc Company Profile

(Get Free Report)

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.

See Also

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