Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Up - Here's Why

Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $39.58, but opened at $44.37. Yaskawa Electric shares last traded at $44.37, with a volume of 131 shares traded.

Wall Street Analyst Weigh In

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 2.5%

The company has a quick ratio of 1.22, a current ratio of 2.24 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.88 billion, a PE ratio of 16.03 and a beta of 1.04. The stock has a 50-day moving average of $43.99 and a 200-day moving average of $48.22.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last issued its quarterly earnings data on Friday, July 4th. The technology company reported $0.37 EPS for the quarter. The business 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%. Sell-side 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.