Fanuc (OTCMKTS:FANUY) Shares Up 9.7% – Time to Buy?

Fanuc Corp. (OTCMKTS:FANUY)’s share price shot up 9.7% on Wednesday . The company traded as high as $27.54 and last traded at $26.85. 61,187 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 456,949 shares. The stock had previously closed at $24.48.

Fanuc Stock Performance

The company has a market cap of $50.55 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 3.29 and a beta of 0.99. The stock has a 50 day moving average of $19.79 and a 200-day moving average of $19.29.

Fanuc (OTCMKTS:FANUY) last issued its earnings results on Friday, April 24th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $224.28 billion. Fanuc had a return on equity of 9.24% and a net margin of 19.41%. Equities research analysts forecast that Fanuc Corp. will post 0.64 EPS for the current 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.