Fanuc (OTCMKTS:FANUY) Hits New 52-Week High After Strong Earnings

Fanuc Corp. (OTCMKTS:FANUY)’s share price hit a new 52-week high during trading on Monday following a better than expected earnings announcement. The stock traded as high as $17.19 and last traded at $16.78, with a volume of 68123 shares changing hands. The stock had previously closed at $16.55.

The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Fanuc had a net margin of 19.62% and a return on equity of 9.10%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $198.19 billion.

Analyst Ratings Changes

Separately, Hsbc Global Res cut shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Fanuc Trading Up 1.4%

The firm has a fifty day simple moving average of $14.80 and a 200-day simple moving average of $13.97. The stock has a market cap of $32.97 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 3.94 and a beta of 0.71.

About Fanuc

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.