Yaskawa Electric (OTCMKTS:YASKY) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Yaskawa Electric's stock price has fallen below its 200-day moving average, trading at $42.10, which is significantly below the average of $47.97.
• Analysts from Goldman Sachs have downgraded Yaskawa Electric from a "strong-buy" to a "hold" rating as of July 8th.
• The company reported a quarterly earnings per share (EPS) of $0.37 and a revenue of $869.63 million, with expectations of an annual EPS of 3.02.

Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $47.97 and traded as low as $42.10. Yaskawa Electric shares last traded at $42.10, with a volume of 9,346 shares traded.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Yaskawa Electric from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th.

Yaskawa Electric Stock Down 0.5%

The firm has a market capitalization of $5.43 billion, a P/E ratio of 14.80 and a beta of 1.06. The company has a 50 day simple moving average of $43.60 and a two-hundred day simple moving average of $47.71. The company has a current ratio of 2.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.14.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last released its quarterly earnings data on Friday, July 4th. The technology company reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $869.63 million during the quarter. Yaskawa Electric had a net margin of 10.37% and a return on equity of 12.90%. On average, equities analysts predict 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.