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

Key Points

• Yaskawa Electric shares gapped up from a previous close of $57.57 to an opening price of $59.72, with the stock last trading at $59.86.
• Multiple analysts have upgraded Yaskawa Electric's ratings, with UBS and Nomura both raising their assessments to a strong-buy, while the overall consensus is a Buy rating.
• The company reported earnings of $0.59 per share with revenue of $914.02 million for the last quarter, indicating a net margin of 10.72% and a return on equity of 13.12%.

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $57.57, but opened at $59.72. Yaskawa Electric shares last traded at $59.86, with a volume of 437 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group upgraded shares of Yaskawa Electric from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Zacks Research upgraded shares of Yaskawa Electric from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 18th. Nomura Securities upgraded shares of Yaskawa Electric from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group upgraded shares of Yaskawa Electric from a "hold" rating to a "buy" rating in a research report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

Yaskawa Electric Stock Performance

The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 19.76 and a beta of 1.11. The company has a current ratio of 2.26, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. The stock's 50 day moving average is $44.43 and its two-hundred day moving average is $43.36.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last announced its earnings results on Friday, October 3rd. The technology company reported $0.59 earnings per share for the quarter. The firm had revenue of $914.02 million during the quarter. Yaskawa Electric had a net margin of 10.72% and a return on equity of 13.12%. Analysts expect that Yaskawa Electric Corp. will post 3.02 earnings per share 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.

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