Yaskawa Electric (OTCMKTS:YASKY) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Yaskawa Electric's stock price recently passed its 50-day moving average, reaching a high of $60.15, and closed at $59.86 with a trading volume of 6,012 shares.
• Several brokerages have upgraded Yaskawa Electric's rating, with UBS and Nomura Securities both giving it a "strong-buy" rating.
• The company reported earnings of $0.59 per share with a revenue of $914.02 million for the quarter, while analysts forecast its earnings per share for the current fiscal year to be 3.02.

Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $45.48 and traded as high as $60.15. Yaskawa Electric shares last traded at $59.86, with a volume of 6,012 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on YASKY. Zacks Research raised Yaskawa Electric from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 18th. UBS Group raised Yaskawa Electric from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. The Goldman Sachs Group raised Yaskawa Electric from a "hold" rating to a "buy" rating in a research note on Monday, October 13th. Finally, Nomura Securities raised Yaskawa Electric from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Yaskawa Electric currently has an average rating of "Buy".

Yaskawa Electric Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.26 and a quick ratio of 1.22. The business has a 50-day simple moving average of $45.48 and a 200-day simple moving average of $43.76. The firm has a market capitalization of $7.76 billion, a PE ratio of 20.02 and a beta of 1.11.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last issued its quarterly earnings data on Friday, October 3rd. The technology company reported $0.59 earnings per share (EPS) for the quarter. Yaskawa Electric had a return on equity of 13.12% and a net margin of 10.72%.The business had revenue of $914.02 million for the quarter. Equities research analysts expect that Yaskawa Electric Corp. will post 3.02 earnings per share for the current fiscal year.

About Yaskawa Electric

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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