Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Down – Time to Sell?

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY) gapped down before the market opened on Tuesday . The stock had previously closed at $88.50, but opened at $77.35. Yaskawa Electric shares last traded at $77.42, with a volume of 6,009 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on YASKY. Jefferies Financial Group upgraded Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 13th. Citigroup raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Yaskawa Electric Stock Down 7.6%

The business has a 50-day moving average price of $64.51 and a two-hundred day moving average price of $62.16. The company has a quick ratio of 1.36, a current ratio of 2.47 and a debt-to-equity ratio of 0.13. The firm has a market cap of $10.24 billion, a PE ratio of 43.62 and a beta of 1.37.

Yaskawa Electric (OTCMKTS:YASKY) last announced its quarterly earnings results on Friday, April 10th. The technology company reported $0.48 EPS for the quarter. The company had revenue of $941.89 million for the quarter. Yaskawa Electric had a net margin of 6.50% and a return on equity of 7.51%.

Yaskawa Electric Company Profile

Yaskawa Electric Corporation is a Japan?based manufacturer of industrial automation equipment, specializing in motion control technology, robotics, and drive systems. The company designs and produces a range of products that include AC and DC servo motors, inverters, programmable logic controllers, welding robots and general-purpose industrial robots. Its offerings are used across diverse sectors such as automotive, electronics, food and beverage, pharmaceuticals, and logistics to improve productivity, precision and energy efficiency in manufacturing processes.

Founded in 1915 in Kitakyushu, Japan, Yaskawa Electric has evolved from a regional motor repair shop into a global provider of factory automation and mechatronic solutions.