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

Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $37.90, but opened at $40.39. Yaskawa Electric shares last traded at $40.40, with a volume of 230 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Yaskawa Electric from a "strong-buy" rating to a "hold" rating in a report on Tuesday.

Yaskawa Electric Price Performance

The stock has a fifty day moving average of $44.68 and a 200-day moving average of $49.02. The company has a quick ratio of 1.43, a current ratio of 2.58 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $5.14 billion, a P/E ratio of 14.00 and a beta of 1.04.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last released its quarterly earnings results on Friday, July 4th. The technology company reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $869.63 million during the quarter. Yaskawa Electric had a return on equity of 13.12% and a net margin of 10.37%. Equities analysts predict that Yaskawa Electric Corp. will post 3.02 EPS 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.