Yaskawa Electric (OTCMKTS:YASKY) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Yaskawa Electric's stock price fell below its 200-day moving average of $47.43 to a low of $41.85, traded last at $41.97.
• The company received a downgrade from Goldman Sachs, changing its rating from "strong-buy" to "hold."
• Yaskawa Electric reported an earnings per share (EPS) of $0.37 for the last quarter, with projected EPS of 3.02 for the current year.

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $47.43 and traded as low as $41.85. Yaskawa Electric shares last traded at $41.97, with a volume of 10,242 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Yaskawa Electric from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th.

Yaskawa Electric Stock Down 0.4%

The company has a 50-day moving average of $43.01 and a 200-day moving average of $47.03. The company has a current ratio of 2.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 14.89 and a beta of 1.06.

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. The business had revenue of $869.63 million for the quarter. Yaskawa Electric had a return on equity of 12.90% and a net margin of 10.37%. On average, equities analysts predict 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.