Fanuc (OTCMKTS:FANUY) Reaches New 12-Month High – What’s Next?

Fanuc Corp. (OTCMKTS:FANUY)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.91 and last traded at $17.18, with a volume of 65484 shares traded. The stock had previously closed at $16.04.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res raised shares of Fanuc from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Fanuc Stock Up 0.9%

The firm has a 50-day moving average of $15.65 and a 200 day moving average of $14.50. The stock has a market capitalization of $33.89 billion, a P/E ratio of 30.26, a PEG ratio of 3.55 and a beta of 0.70.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings data on Friday, October 31st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $198.19 billion. Fanuc had a net margin of 19.28% and a return on equity of 9.15%. Analysts predict that Fanuc Corp. will post 0.46 EPS for the current fiscal year.

About Fanuc

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.