Fanuc (OTCMKTS:FANUY) Sees Large Volume Increase – What’s Next?

Fanuc Corp. (OTCMKTS:FANUY) shares saw an uptick in trading volume on Friday. Approximately 1,294,519 shares changed hands during mid-day trading, an increase of 152% from the average daily volume of 514,329 shares. The stock last traded at $17.16 and had previously closed at $16.80.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FANUY shares. UBS Group downgraded Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Citigroup downgraded shares of Fanuc from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, Zacks Research raised shares of Fanuc from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Fanuc has an average rating of “Moderate Buy”.

Fanuc Price Performance

The firm’s fifty day moving average is $18.72 and its 200 day moving average is $20.53. The firm has a market capitalization of $33.71 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 1.92 and a beta of 1.17.

Fanuc (OTCMKTS:FANUY) last posted its quarterly earnings results on Friday, October 23rd. The industrial products company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. Fanuc had a return on equity of 10.47% and a net margin of 21.53%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. Equities research analysts forecast that Fanuc Corp. will post 0.77 EPS for the current fiscal year.

Fanuc Company Profile

Fanuc Corp. is a Japanese manufacturer of factory automation equipment and industrial robotics headquartered in Yamanashi, Japan. The company provides automation technologies used in manufacturing, including computer numerical control (CNC) systems, servo motors and amplifiers, and related control software and hardware.

Fanuc’s product portfolio includes industrial robots and collaborative robots, as well as automated machining and production systems. Its portfolio also includes ROBODRILL machining centers, ROBOSHOT electric injection molding machines, ROBOCUT wire-cut electrical discharge machines, and systems designed to connect, monitor and optimize factory equipment.

The company traces its origins to research and development in numerical control and servo technologies at Fujitsu during the 1950s and became an independent company in 1972.