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

Key Points

• Yaskawa Electric's share price gapped up from $54.06 to $57.84 before market opening, and it last traded at $57.00 with a trading volume of 826 shares.
• Analyst ratings for Yaskawa Electric have improved, with Goldman Sachs upgrading it to a "buy" rating and UBS raising it to a "strong-buy" rating.
• The company reported a quarterly earnings per share (EPS) of $0.59 and revenue of $914.02 million, and analysts forecast an EPS of 3.02 for the current fiscal year.

Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $54.06, but opened at $57.84. Yaskawa Electric shares last traded at $57.00, with a volume of 826 shares traded.

Analyst Ratings Changes

YASKY has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded shares of Yaskawa Electric from a "hold" rating to a "buy" rating in a research report on Monday. UBS Group raised shares of Yaskawa Electric from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. Finally, Zacks Research raised shares of Yaskawa Electric from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

Yaskawa Electric Trading Up 4.4%

The company's 50 day moving average price is $42.92 and its 200 day moving average price is $43.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.24 and a quick ratio of 1.22. The firm has a market cap of $7.32 billion, a PE ratio of 18.87 and a beta of 1.11.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last posted its quarterly earnings data on Friday, October 3rd. The technology company reported $0.59 EPS for the quarter. The business 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, analysts forecast that Yaskawa Electric Corp. will post 3.02 EPS 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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