Yaskawa Electric (OTCMKTS:YASKY) Downgraded by The Goldman Sachs Group to "Hold"

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) was downgraded by equities research analysts at The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

Yaskawa Electric Price Performance

Shares of OTCMKTS:YASKY traded up $0.68 during trading on Tuesday, reaching $40.30. 12,008 shares of the company traded hands, compared to its average volume of 25,117. The company's 50 day moving average is $44.62 and its two-hundred day moving average is $48.86. The firm has a market capitalization of $5.23 billion, a PE ratio of 14.24 and a beta of 1.04. The company has a quick ratio of 1.43, a current ratio of 2.58 and a debt-to-equity ratio of 0.16. Yaskawa Electric has a 52 week low of $36.11 and a 52 week high of $74.25.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last released its earnings results on Friday, July 4th. The technology company reported $0.37 earnings per share for the quarter. Yaskawa Electric had a return on equity of 13.12% and a net margin of 10.37%. The firm had revenue of $869.63 million during the quarter. As a group, sell-side analysts predict that Yaskawa Electric will post 3.02 earnings per share for the current year.

Yaskawa Electric Company Profile

YASKAWA Electric Corporation engages in motion control, robotics, system engineering, and other businesses worldwide. It manufactures and sells various AC drives, including general purpose AC drives, specific purpose AC drives, AC Drive for systems, regenerative energy saving units, and PM motors for use in household appliances, such as air conditioners and refrigerators; social infrastructures comprising elevators, escalators, trains, cranes, fans, and pumps; and factories that manufacture printing machinery, textile machinery, rubber machinery, and other materials.