Yaskawa Electric (OTCMKTS:YASKY) Cut to “Hold” at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Yaskawa Electric (OTCMKTS:YASKY) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks reports.

Yaskawa Electric Stock Performance

Shares of Yaskawa Electric stock opened at $50.80 on Tuesday. The firm has a fifty day moving average of $58.89 and a two-hundred day moving average of $69.79. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 28.86 and a beta of 1.51. Yaskawa Electric has a 52 week low of $46.32 and a 52 week high of $96.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.21 and a current ratio of 2.42.

Yaskawa Electric (OTCMKTS:YASKY) last posted its quarterly earnings results on Friday, October 9th. The technology company reported $0.65 earnings per share for the quarter. Yaskawa Electric had a return on equity of 7.19% and a net margin of 6.32%. The company had revenue of $912.69 million for the quarter.

Yaskawa Electric Company Profile

Yaskawa Electric Corp. is a Japanese industrial technology company that develops and manufactures automation and motion-control equipment. Founded in 1915 and headquartered in Kitakyushu, Japan, the company serves manufacturers and industrial customers worldwide through operations and sales networks across Asia, the Americas, Europe and other regions.

Its products include AC drives, servo motors and controllers, motion-control systems, industrial controllers and related automation equipment.