Yaskawa Electric (OTCMKTS:YASKY) Stock Price Down 7.1% – Here’s What Happened

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares were down 7.1% during trading on Tuesday . The company traded as low as $46.3201 and last traded at $48.27. Approximately 550 shares traded hands during trading, a decline of 97% from the average daily volume of 21,951 shares. The stock had previously closed at $51.97.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Nomura Securities raised Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. UBS Group raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Zacks Research raised shares of Yaskawa Electric from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 18th. Finally, The Goldman Sachs Group upgraded shares of Yaskawa Electric from a “hold” rating to a “buy” rating in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

Yaskawa Electric Price Performance

The firm has a market cap of $6.19 billion, a P/E ratio of 15.97 and a beta of 1.15. The company has a fifty day moving average of $50.43 and a 200-day moving average of $45.59. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.26 and a quick ratio of 1.22.

Yaskawa Electric (OTCMKTS:YASKY) last posted its quarterly earnings data on Friday, October 3rd. The technology company reported $0.59 earnings per share (EPS) for the quarter. The firm had revenue of $914.02 million for the quarter. Yaskawa Electric had a net margin of 10.72% and a return on equity of 13.12%. On average, sell-side analysts anticipate that Yaskawa Electric Corp. will post 3.02 EPS for the current fiscal year.

Yaskawa Electric Company Profile

YASKAWA Electric Corporation engages in motion control, robotics, system engineering, and other businesses worldwide. It manufactures and sells various AC drives, including general purpose AC drives, specific purpose AC drives, AC Drive for systems, regenerative energy saving units, and PM motors for use in household appliances, such as air conditioners and refrigerators; social infrastructures comprising elevators, escalators, trains, cranes, fans, and pumps; and factories that manufacture printing machinery, textile machinery, rubber machinery, and other materials.