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

Key Points

• Fanuc Corp. shares crossed above their 200-day moving average on Monday, trading as high as $14.75, with the last trading price at $14.49.
• Despite a recent downgrade from "strong-buy" to "hold" by HSBC Global Research, Fanuc maintains a consensus rating of "Buy" among analysts.
• In its most recent earnings report, Fanuc reported $0.14 EPS, surpassing expectations, with revenues of $1.34 billion for the quarter.

Shares of Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.58 and traded as high as $14.75. Fanuc shares last traded at $14.49, with a volume of 213,394 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res lowered shares of Fanuc from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Fanuc currently has a consensus rating of "Buy".

Fanuc Price Performance

The company has a market capitalization of $28.47 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 3.63 and a beta of 0.66. The firm's fifty day simple moving average is $14.56 and its 200 day simple moving average is $13.58.

Fanuc (OTCMKTS:FANUY - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. Fanuc had a net margin of 19.62% and a return on equity of 9.10%. On average, equities research analysts anticipate that Fanuc Corp. will post 0.46 EPS for the current fiscal year.

About Fanuc

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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