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

Key Points

• Yaskawa Electric shares experienced a significant upward movement, opening at $42.83 from a previous close of $41.20.
• Goldman Sachs downgraded Yaskawa Electric's rating from "strong-buy" to "hold," reflecting a cautious outlook among analysts.
• In its latest earnings report, Yaskawa Electric reported $0.37 EPS and $869.63 million in revenue, with analysts expecting an annual EPS of 3.02 for the fiscal year.

Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $41.20, but opened at $42.83. Yaskawa Electric shares last traded at $42.83, with a volume of 152 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Yaskawa Electric from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Yaskawa Electric currently has a consensus rating of "Hold".

Yaskawa Electric Trading Down 3.1%

The company has a market capitalization of $5.18 billion, a PE ratio of 14.11 and a beta of 1.04. The company has a current ratio of 2.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average of $41.86 and a two-hundred day moving average of $45.40.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last announced its quarterly earnings data on Friday, July 4th. The technology company reported $0.37 earnings per share for the quarter. The company had revenue of $869.63 million for the quarter. Yaskawa Electric had a return on equity of 12.90% and a net margin of 10.37%. As a group, sell-side analysts anticipate 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.