Fanuc (OTCMKTS:FANUY) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Fanuc Corp. (OTCMKTS:FANUY) stock has recently crossed above its 200-day moving average, with a current price of $14.99, showing positive trading momentum.
• UBS Group has upgraded Fanuc from a "hold" rating to a "strong-buy" rating, indicating increased confidence in the company's performance.
• In the latest quarterly earnings report, Fanuc reported an EPS of $0.14, slightly exceeding analysts' expectations of $0.13, with a net margin of 19.62%.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.60 and traded as high as $15.01. Fanuc shares last traded at $14.99, with a volume of 309,010 shares.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Fanuc from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th.

Fanuc Stock Down 0.1%

The company has a market capitalization of $29.00 billion, a price-to-earnings ratio of 25.89, a P/E/G ratio of 7.35 and a beta of 0.65. The business has a fifty day simple moving average of $13.45 and a two-hundred day simple moving average of $13.62.

Fanuc (OTCMKTS:FANUY - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The industrial products company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. Fanuc had a return on equity of 9.10% and a net margin of 19.62%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. As a group, equities analysts predict 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.