Yaskawa Electric (OTCMKTS:YASKY) Upgraded to "Hold" at Zacks Research

Key Points

• Yaskawa Electric has been upgraded by Zacks Research from a "strong sell" to a "hold" rating, reflecting a change in analysts' sentiment towards the stock.
• The company reported earnings of $0.37 per share for the last quarter, with a revenue of $869.63 million, and analysts expect an EPS of 3.02 for the current fiscal year.
• Shares of Yaskawa Electric are currently trading at $42.25, down $0.26, and have a market capitalization of $5.48 billion.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Thursday,Zacks.com reports.

Separately, The Goldman Sachs Group lowered shares of Yaskawa Electric from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Two research 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 Stock Up 3.9%

OTCMKTS YASKY traded up $1.64 on Thursday, reaching $43.89. The company had a trading volume of 16,356 shares, compared to its average volume of 24,119. Yaskawa Electric has a 52-week low of $36.11 and a 52-week high of $70.71. The stock has a market capitalization of $5.69 billion, a P/E ratio of 15.51 and a beta of 1.04. The company's fifty day moving average is $41.33 and its 200 day moving average is $43.84. 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 issued its quarterly earnings results on Friday, July 4th. The technology company reported $0.37 earnings per share for the quarter. Yaskawa Electric had a net margin of 10.37% and a return on equity of 12.90%. The company had revenue of $869.63 million for the quarter. Sell-side analysts anticipate that Yaskawa Electric 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.