Fanuc (OTCMKTS:FANUY) Sets New 1-Year High – What’s Next?

Shares of Fanuc Corp. (OTCMKTS:FANUY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $20.86 and last traded at $20.3450, with a volume of 82810 shares traded. The stock had previously closed at $20.3430.

Analyst Ratings Changes

Separately, Hsbc Global Res raised Fanuc from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Fanuc currently has an average rating of “Strong Buy”.

Fanuc Price Performance

The stock’s fifty day simple moving average is $17.81 and its 200-day simple moving average is $15.58. The stock has a market cap of $40.32 billion, a P/E ratio of 36.00, a PEG ratio of 4.19 and a beta of 0.68.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings results on Friday, October 31st. The industrial products company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $198.19 billion. Fanuc had a return on equity of 9.03% and a net margin of 19.28%. Analysts forecast that Fanuc Corp. will post 0.46 EPS for the current 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.