Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Up - Still a Buy?

Key Points

• Yaskawa Electric shares gapped up from a previous close of $48.45 to an opening price of $52.50, with the stock last trading at $53.04.
• Wall Street analysts have mixed opinions, with Goldman Sachs downgrading the stock to a "hold" rating while Zacks Research upgraded it to "hold," leaving Yaskawa Electric with an average rating of "hold."
• The company reported quarterly earnings of $0.59 per share with a market cap of $6.88 billion and a return on equity of 13.33%.

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $48.45, but opened at $52.50. Yaskawa Electric shares last traded at $53.04, with a volume of 1,266 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group lowered Yaskawa Electric from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Zacks Research raised Yaskawa Electric from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 18th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Yaskawa Electric presently has an average rating of "Hold".

Yaskawa Electric Trading Up 9.5%

The company has a market cap of $6.88 billion, a PE ratio of 17.75 and a beta of 1.11. The business has a 50 day simple moving average of $42.03 and a two-hundred day simple moving average of $43.12. The company has a current ratio of 2.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.14.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last issued its quarterly earnings results on Friday, October 3rd. The technology company reported $0.59 earnings per share for the quarter. Yaskawa Electric had a return on equity of 13.33% and a net margin of 10.72%.The company had revenue of $914.02 million for the quarter. On average, 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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