Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Up – Time to Buy?

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $60.0940, but opened at $65.70. Yaskawa Electric shares last traded at $65.70, with a volume of 112 shares trading hands.

Analysts Set New Price Targets

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

Yaskawa Electric Price Performance

The firm has a 50 day moving average of $78.76 and a 200-day moving average of $70.77. The company has a current ratio of 2.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The company has a market cap of $8.60 billion, a P/E ratio of 39.00 and a beta of 1.47.

Yaskawa Electric (OTCMKTS:YASKY) last posted its quarterly earnings results on Friday, July 10th. The technology company reported $0.26 earnings per share for the quarter. The business had revenue of $875.77 million during the quarter. Yaskawa Electric had a return on equity of 7.00% and a net margin of 6.11%.

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.