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

Shares of Fanuc Corp. (OTCMKTS:FANUY) gapped down before the market opened on Tuesday . The stock had previously closed at $23.43, but opened at $21.82. Fanuc shares last traded at $21.70, with a volume of 107,274 shares changing hands.

Fanuc Stock Down 3.9%

The stock has a market capitalization of $40.41 billion, a P/E ratio of 34.86, a PEG ratio of 2.72 and a beta of 1.03. The company has a 50 day moving average of $23.47 and a 200-day moving average of $21.20.

Fanuc (OTCMKTS:FANUY) last released its earnings results on Friday, April 24th. The industrial products company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $224.28 billion. Fanuc had a net margin of 19.41% and a return on equity of 9.15%. Equities analysts forecast that Fanuc Corp. will post 0.66 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.