Fanuc (OTCMKTS:FANUY) Shares Pass Above 200 Day Moving Average – What’s Next?

Fanuc Corp. (OTCMKTS:FANUY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.58 and traded as high as $15.08. Fanuc shares last traded at $14.88, with a volume of 1,232,625 shares traded.

Analyst Ratings Changes

Separately, Hsbc Global Res cut Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Fanuc presently has an average rating of “Buy”.

Fanuc Stock Down 3.0%

The firm has a 50 day moving average of $14.57 and a two-hundred day moving average of $13.58. The firm has a market capitalization of $29.24 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 3.88 and a beta of 0.71.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings results on Friday, July 25th. The industrial products company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Fanuc had a return on equity of 9.10% and a net margin of 19.62%.The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. Sell-side analysts forecast that Fanuc Corp. will post 0.46 EPS for the current fiscal year.

Fanuc Company Profile

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.