Shares of Fanuc Corp. (OTCMKTS:FANUY – Get Free Report) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $20.84 and traded as low as $19.21. Fanuc shares last traded at $19.57, with a volume of 313,973 shares traded.
Analyst Upgrades and Downgrades
Several research firms recently commented on FANUY. Citigroup cut shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. UBS Group downgraded Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on Fanuc
Fanuc Stock Performance
Fanuc (OTCMKTS:FANUY – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. Fanuc had a net margin of 20.11% and a return on equity of 9.60%. On average, analysts expect that Fanuc Corp. will post 0.68 earnings per share for the current fiscal year.
About Fanuc
FANUC Corporation is a Japanese provider of factory automation and industrial robotics technology. The company develops and manufactures computerized numerical control (CNC) systems, servo motors and servo amplifiers used to control machine tools and production equipment.
Its product portfolio also includes industrial robots and robotic systems for applications such as assembly, material handling, welding, packaging and painting. FANUC offers factory automation equipment including machining centers, electric injection molding machines and wire-cut electrical discharge machines, as well as software and related services designed to support automated manufacturing operations.
FANUC traces its origins to numerical control research conducted by Fujitsu in the 1950s and became an independent company in 1972.
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