Yaskawa Electric (OTCMKTS:YASKY) Shares Down 10.8% – Here’s Why

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s share price was down 10.8% during mid-day trading on Wednesday . The company traded as low as $73.2150 and last traded at $73.2150. Approximately 1,964 shares changed hands during trading, a decline of 82% from the average daily volume of 10,906 shares. The stock had previously closed at $82.09.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on YASKY shares. Jefferies Financial Group upgraded shares of Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 13th. Citigroup upgraded shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Yaskawa Electric has a consensus rating of “Buy”.

Yaskawa Electric Stock Up 5.2%

The company has a current ratio of 2.47, a quick ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $9.98 billion, a PE ratio of 42.52 and a beta of 1.44. The stock’s fifty day simple moving average is $75.05 and its 200-day simple moving average is $66.24.

Yaskawa Electric (OTCMKTS:YASKY) last posted its quarterly earnings data on Friday, April 10th. The technology company reported $0.48 earnings per share (EPS) for the quarter. The firm had revenue of $941.89 million for the quarter. Yaskawa Electric had a net margin of 6.50% and a return on equity of 7.51%.

Yaskawa Electric Company Profile

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.