Fanuc (OTCMKTS:FANUY) Shares Gap Down – Here’s Why

Fanuc Corp. (OTCMKTS:FANUY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $24.3572, but opened at $22.73. Fanuc shares last traded at $22.80, with a volume of 33,407 shares changing hands.

Fanuc Price Performance

The company’s 50-day simple moving average is $22.06 and its 200-day simple moving average is $20.49. The company has a market cap of $43.11 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 2.84 and a beta of 1.01.

Fanuc (OTCMKTS:FANUY) last posted its earnings results on Friday, April 24th. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Fanuc had a net margin of 19.41% and a return on equity of 9.15%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $224.28 billion. Equities analysts predict that Fanuc Corp. will post 0.67 EPS for the current fiscal year.

Fanuc Company Profile

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.