Fanuc (OTCMKTS:FANUY) Sees Large Volume Increase – Still a Buy?

Fanuc Corp. (OTCMKTS:FANUY) shares saw strong trading volume on Friday . 589,303 shares traded hands during trading, an increase of 21% from the previous session’s volume of 488,240 shares.The stock last traded at $18.5450 and had previously closed at $18.74.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group lowered shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Citigroup downgraded shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Fanuc presently has a consensus rating of “Moderate Buy”.

Fanuc Stock Down 1.1%

The stock’s 50-day moving average price is $19.76 and its 200 day moving average price is $20.90. The firm has a market cap of $36.42 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 2.57 and a beta of 1.04.

Fanuc (OTCMKTS:FANUY) last released its earnings results on Friday, July 31st. The industrial products company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Fanuc had a return on equity of 9.60% and a net margin of 20.11%.The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. On average, research analysts predict that Fanuc Corp. will post 0.68 EPS for the current year.

Fanuc Company Profile

FANUC Corporation is a Japanese manufacturer of factory-automation equipment and industrial robotics. The company develops computer numerical control (CNC) systems and servo motors used to automate machine tools, as well as industrial robots and related automation technologies for manufacturing operations.

Its product portfolio includes CNC controls, machining centers, wire electrical-discharge machines, injection-molding machines, industrial robots, collaborative robots, and factory-automation software.