Yaskawa Electric (OTCMKTS:YASKY) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Yaskawa Electric Corp. (OTCMKTS:YASKY) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $60.46 and traded as high as $65.5150. Yaskawa Electric shares last traded at $64.2850, with a volume of 3,496 shares changing hands.

Wall Street Analysts Forecast Growth

YASKY has been the subject of several analyst reports. Nomura upgraded Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Yaskawa Electric to a “buy” rating in a research report on Monday, November 24th. UBS Group raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, The Goldman Sachs Group raised shares of Yaskawa Electric from a “hold” rating to a “buy” rating in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Yaskawa Electric Stock Down 2.5%

The stock’s fifty day moving average price is $60.46 and its 200 day moving average price is $51.09. The company has a current ratio of 2.14, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. The stock has a market cap of $8.34 billion, a P/E ratio of 33.66 and a beta of 1.01.

Yaskawa Electric (OTCMKTS:YASKY) last announced its earnings results on Friday, January 9th. The technology company reported $0.37 earnings per share (EPS) for the quarter. Yaskawa Electric had a net margin of 6.86% and a return on equity of 8.18%. The company had revenue of $892.43 million during the quarter. As a group, research analysts forecast that Yaskawa Electric Corp. will post 3.02 earnings per share for the current fiscal year.

About Yaskawa Electric

Yaskawa Electric Corporation is a Japan‐based manufacturer of industrial automation equipment, specializing in motion control technology, robotics, and drive systems. The company designs and produces a range of products that include AC and DC servo motors, inverters, programmable logic controllers, welding robots and general-purpose industrial robots. Its offerings are used across diverse sectors such as automotive, electronics, food and beverage, pharmaceuticals, and logistics to improve productivity, precision and energy efficiency in manufacturing processes.

Founded in 1915 in Kitakyushu, Japan, Yaskawa Electric has evolved from a regional motor repair shop into a global provider of factory automation and mechatronic solutions.