Yaskawa Electric (OTCMKTS:YASKY) Stock Rating 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 research note published on Tuesday,Zacks reports.

Yaskawa Electric Stock Performance

YASKY opened at $50.80 on Tuesday. Yaskawa Electric has a 52-week low of $46.32 and a 52-week high of $96.17. The firm has a market capitalization of $6.59 billion, a PE ratio of 28.86 and a beta of 1.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.21 and a current ratio of 2.42. The business’s 50-day simple moving average is $58.89 and its 200 day simple moving average is $69.79.

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. The firm had revenue of $912.69 million during the quarter. Yaskawa Electric had a return on equity of 7.19% and a net margin of 6.32%.

About Yaskawa Electric

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.