Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Up – Should You Buy?

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $84.9560, but opened at $91.16. Yaskawa Electric shares last traded at $91.15, with a volume of 767 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently commented on YASKY. Citigroup raised Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Jefferies Financial Group upgraded Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 13th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Yaskawa Electric Stock Up 4.3%

The company has a current ratio of 2.47, a quick ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average price is $77.47 and its two-hundred day moving average price is $67.20. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 50.20 and a beta of 1.44.

Yaskawa Electric (OTCMKTS:YASKY) last posted 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%.

About Yaskawa Electric

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.