Fanuc (OTCMKTS:FANUY) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Fanuc Corp. shares surpassed their 200-day moving average, trading as high as $15.50, with the latest price at $15.31.
• Analysts have recently adjusted their ratings for Fanuc, with UBS Group upgrading the stock to "strong-buy" while HSBC Global Research downgraded it to "hold".
• The company's latest quarterly earnings report revealed a net margin of 19.62% and a revenue of $1.34 billion, slightly below analyst expectations.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.61 and traded as high as $15.50. Fanuc shares last traded at $15.31, with a volume of 315,894 shares.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group upgraded shares of Fanuc from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th. Hsbc Global Res downgraded Fanuc from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 6th.

Fanuc Price Performance

The business has a 50 day simple moving average of $13.72 and a 200 day simple moving average of $13.63. The stock has a market cap of $30.75 billion, a PE ratio of 27.46, a P/E/G ratio of 4.32 and a beta of 0.65.

Fanuc (OTCMKTS:FANUY - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $1.34 billion for 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%. As a group, sell-side analysts forecast that Fanuc Corp. will post 0.46 earnings per share for the current fiscal 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.