Fanuc (OTCMKTS:FANUY) Shares Down 4.8% – Here’s Why

Fanuc Corp. (OTCMKTS:FANUY)’s stock price was down 4.8% during trading on Thursday . The stock traded as low as $17.00 and last traded at $17.10. Approximately 273,443 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 457,032 shares. The stock had previously closed at $17.96.

Fanuc Trading Down 3.7%

The business’s 50 day moving average price is $20.09 and its 200-day moving average price is $18.17. The company has a market cap of $33.99 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 2.69 and a beta of 0.80.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings results on Monday, January 26th. The industrial products company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $210.35 billion. Fanuc had a net margin of 19.36% and a return on equity of 9.14%. Equities research analysts forecast that Fanuc Corp. will post 0.46 EPS for the current fiscal year.

About Fanuc

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.