Yaskawa Electric (OTCMKTS:YASKY) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $60.46 and traded as high as $65.5150. Yaskawa Electric shares last traded at $64.2850, with a volume of 3,496 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on YASKY. Deutsche Bank Aktiengesellschaft upgraded shares of Yaskawa Electric to a “buy” rating in a research report on Monday, November 24th. The Goldman Sachs Group upgraded Yaskawa Electric from a “hold” rating to a “buy” rating in a research note on Monday, October 13th. UBS Group raised Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, Nomura upgraded Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Yaskawa Electric currently has a consensus rating of “Buy”.

Yaskawa Electric Stock Performance

The firm has a fifty day moving average price of $60.76 and a two-hundred day moving average price of $51.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.14 and a quick ratio of 1.16. The stock has a market capitalization of $8.23 billion, a PE ratio of 33.25 and a beta of 1.01.

Yaskawa Electric (OTCMKTS:YASKY) last issued its earnings results on Friday, January 9th. The technology company reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $892.43 million for the quarter. Yaskawa Electric had a net margin of 6.86% and a return on equity of 8.18%. Research analysts expect that Yaskawa Electric Corp. will post 3.02 EPS for the current year.

Yaskawa Electric Company Profile

Yaskawa Electric Corporation is a Japan?based manufacturer of industrial automation equipment, specializing in motion control technology, robotics, and drive systems. The company designs and produces a range of products that include AC and DC servo motors, inverters, programmable logic controllers, welding robots and general-purpose industrial robots. Its offerings are used across diverse sectors such as automotive, electronics, food and beverage, pharmaceuticals, and logistics to improve productivity, precision and energy efficiency in manufacturing processes.

Founded in 1915 in Kitakyushu, Japan, Yaskawa Electric has evolved from a regional motor repair shop into a global provider of factory automation and mechatronic solutions.