Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Up – Here’s What Happened

Yaskawa Electric Corp. (OTCMKTS:YASKY) gapped up prior to trading on Friday . The stock had previously closed at $79.28, but opened at $91.58. Yaskawa Electric shares last traded at $91.58, with a volume of 724 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on YASKY shares. Citigroup raised Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Jefferies Financial Group raised Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 13th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Yaskawa Electric has an average rating of “Buy”.

Yaskawa Electric Price Performance

The business has a 50-day simple moving average of $66.58 and a 200 day simple moving average of $62.91. The firm has a market cap of $11.71 billion, a P/E ratio of 49.91 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.36 and a current ratio of 2.47.

Yaskawa Electric (OTCMKTS:YASKY) last released its quarterly earnings results on Friday, April 10th. The technology company reported $0.48 EPS for the quarter. The business had revenue of $941.89 million during the quarter. Yaskawa Electric had a return on equity of 7.51% and a net margin of 6.50%.

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.