Yaskawa Electric (OTCMKTS:YASKY) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Yaskawa Electric's share price has crossed above its 50-day moving average, currently at $42.03, reaching a trading high of $48.53.
• Analysts have mixed ratings for the stock, with Goldman Sachs downgrading it from "strong-buy" to "hold," while Zacks has upgraded it from "strong sell" to "hold."
• For the recent quarter, Yaskawa Electric reported $0.59 EPS on revenue of $914.02 million, indicating a net margin of 10.72% and return on equity of 13.33%.

Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $42.03 and traded as high as $48.53. Yaskawa Electric shares last traded at $48.45, with a volume of 4,726 shares trading hands.

Analysts Set New Price Targets

Several research analysts have commented on the stock. The Goldman Sachs Group cut shares of Yaskawa Electric from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Zacks Research upgraded shares of Yaskawa Electric from a "strong sell" rating to a "hold" rating in a report on Thursday, September 18th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Yaskawa Electric Stock Up 1.6%

The firm has a market cap of $6.28 billion, a PE ratio of 16.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.22 and a current ratio of 2.24. The firm's 50-day moving average price is $42.03 and its two-hundred day moving average price is $43.12.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last released its quarterly earnings results on Friday, October 3rd. The technology company reported $0.59 EPS for the quarter. The firm had revenue of $914.02 million during the quarter. Yaskawa Electric had a net margin of 10.72% and a return on equity of 13.33%. As a group, equities research analysts expect that Yaskawa Electric Corp. will post 3.02 EPS for the current fiscal 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.

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