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

Key Points

• Fanuc Corp.'s share price has recently surpassed its 200-day moving average, indicating potential bullish momentum, trading at $14.87 after reaching a high of $15.10.
• A recent analysis revealed that Fanuc has received mixed ratings from research firms, with HSBC Global Research downgrading it to a "hold" and UBS Group upgrading it to a "strong-buy."
• The company reported earnings of $0.14 per share in its last quarterly earnings, exceeding expectations, while its market capitalization stands at approximately $29.22 billion.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.63 and traded as high as $15.10. Fanuc shares last traded at $14.87, with a volume of 283,503 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FANUY shares. Hsbc Global Res downgraded shares of Fanuc from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 6th. UBS Group upgraded shares of Fanuc from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

Fanuc Stock Down 0.2%

The business's 50-day simple moving average is $13.96 and its 200 day simple moving average is $13.64. The firm has a market capitalization of $29.14 billion, a P/E ratio of 26.02, a PEG ratio of 3.86 and a beta of 0.65.

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