Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Down – Here’s What Happened

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s share price gapped down before the market opened on Monday. The stock had previously closed at $52.79, but opened at $49.50. Yaskawa Electric shares last traded at $49.7850, with a volume of 7,512 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of Yaskawa Electric from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Yaskawa Electric Stock Up 1.8%

The stock has a 50-day moving average of $57.43 and a two-hundred day moving average of $66.96. The company has a market cap of $6.50 billion, a P/E ratio of 28.49 and a beta of 1.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 2.42.

Yaskawa Electric (OTCMKTS:YASKY) last issued its earnings results on Friday, October 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter. Yaskawa Electric had a return on equity of 7.19% and a net margin of 6.32%. The business had revenue of $912.69 million during the quarter. On average, research analysts anticipate that Yaskawa Electric Corp. will post 2.31 EPS for the current fiscal year.

Yaskawa Electric Company Profile

Yaskawa Electric Corp. is a Japanese industrial technology company that develops and manufactures automation and motion-control equipment. Founded in 1915 and headquartered in Kitakyushu, Japan, the company serves manufacturers and industrial customers worldwide through operations and sales networks across Asia, the Americas, Europe and other regions.

Its products include AC drives, servo motors and controllers, motion-control systems, industrial controllers and related automation equipment.