Yaskawa Electric (OTCMKTS:YASKY) Trading 10.9% Higher – Time to Buy?

Yaskawa Electric Corp. (OTCMKTS:YASKY) was up 10.9% during mid-day trading on Wednesday . The stock traded as high as $70.52 and last traded at $69.2150. Approximately 445 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 11,690 shares. The stock had previously closed at $62.39.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on YASKY. Citigroup upgraded shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Jefferies Financial Group upgraded Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 13th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Yaskawa Electric has an average rating of “Buy”.

Yaskawa Electric Stock Performance

The company has a market cap of $8.89 billion, a P/E ratio of 40.35 and a beta of 1.47. The company has a quick ratio of 1.21, a current ratio of 2.25 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $78.25 and a two-hundred day simple moving average of $70.77.

Yaskawa Electric (OTCMKTS:YASKY) last released its quarterly earnings results on Friday, July 10th. The technology company reported $0.26 EPS for the quarter. Yaskawa Electric had a net margin of 6.11% and a return on equity of 7.00%. The firm had revenue of $875.77 million during the quarter.

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.