Fanuc (OTCMKTS:FANUY) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Technical: Fanuc's shares passed above their 200-day moving average ($19.11), trading as high as $22.70 and last at $22.16 on volume of 744,921 shares, even though the stock was down about 2.5% on the day.
• Fundamentals: Fanuc beat quarterly EPS estimates ($0.17 vs. $0.13) with revenue of $1.47 billion, and the stock trades with a market cap of $43.54 billion, a P/E of 37.56 and analysts projecting roughly $0.64 in EPS for the fiscal year.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.11 and traded as high as $22.70. Fanuc shares last traded at $22.16, with a volume of 744,921 shares trading hands.

Fanuc Stock Down 2.5%

The company has a market cap of $43.54 billion, a PE ratio of 37.56, a P/E/G ratio of 3.09 and a beta of 0.99. The stock has a 50-day simple moving average of $19.67 and a 200 day simple moving average of $19.11.

Fanuc (OTCMKTS:FANUY - Get Free Report) last posted its earnings results on Friday, April 24th. The industrial products company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. Fanuc had a return on equity of 9.24% and a net margin of 19.41%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $224.28 billion. As a group, research analysts anticipate that Fanuc Corp. will post 0.64 earnings per share for the current fiscal year.

About Fanuc

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC's product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.

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