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

Key Points

• Yaskawa Electric's shares gapped up from a prior closing price of $42.58 to an opening price of $45.85, last trading at $46.30.
• Zacks Research upgraded Yaskawa Electric's rating from "strong sell" to "hold," while Goldman Sachs downgraded it from "strong buy" to "hold," indicating a cautious sentiment among analysts.
• The company reported an earnings per share (EPS) of $0.59 for the last quarter and is projected to post an EPS of 3.02 for the current fiscal year.

Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $42.58, but opened at $45.85. Yaskawa Electric shares last traded at $46.30, with a volume of 9,730 shares changing hands.

Analyst Ratings Changes

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

Yaskawa Electric Trading Up 13.7%

The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 17.11 and a beta of 1.11. The company's 50-day moving average price is $41.60 and its 200-day moving average price is $43.32. The company has a quick ratio of 1.22, a current ratio of 2.24 and a debt-to-equity ratio of 0.14.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last announced its earnings results on Friday, October 3rd. The technology company reported $0.59 EPS for the quarter. Yaskawa Electric had a return on equity of 12.90% and a net margin of 10.37%. Equities analysts expect 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.