Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Up - What's Next?

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report) gapped up before the market opened 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.

Wall Street Analysts Forecast Growth

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

Yaskawa Electric Stock Performance

The company has a current ratio of 2.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $44.62 and a 200-day moving average of $48.89. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 14.24 and a beta of 1.04.

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 (EPS) for the quarter. Yaskawa Electric had a return on equity of 13.12% and a net margin of 10.37%. The firm had revenue of $869.63 million for the quarter. As a group, sell-side analysts predict that Yaskawa Electric Corp. will post 3.02 earnings per share for the current 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.