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

Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report) 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 traded.

Yaskawa Electric Stock Performance

The firm's fifty day moving average is $44.68 and its 200 day moving average is $49.02. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 14.06 and a beta of 1.04. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.58 and a quick ratio of 1.43.

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