Amada (OTCMKTS:AMDLY) Stock Price Down 1.8% – Here’s What Happened

Amada Co. (OTCMKTS:AMDLY) dropped 1.8% during mid-day trading on Monday . The stock traded as low as $47.15 and last traded at $47.15. Approximately 453 shares changed hands during mid-day trading, an increase of 1,316% from the average daily volume of 32 shares. The stock had previously closed at $48.00.

Amada Stock Down 1.8%

The company’s 50-day moving average price is $46.61 and its 200-day moving average price is $43.85. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 20.24 and a beta of 0.13.

Amada (OTCMKTS:AMDLY) last announced its earnings results on Thursday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.26). Amada had a net margin of 7.29% and a return on equity of 5.41%. The company had revenue of $524.26 million during the quarter, compared to analyst estimates of $585.20 million.

Amada Company Profile

Amada Co, Ltd., together with its subsidiaries, manufactures, sells, leases, repairs, maintains, checks, and inspects metalworking machinery, software, and peripheral equipment in Japan, North America, Europe, Asia, and internationally. It offers sheet metal fabrication machines, including laser machines, punch and laser combination machines, turret punch presses, press brakes, bending robots, and welders, as well as software solutions; general fabrication machines, such as shearing and deburring machines, corner shear, iron worker, AMS SPACE series, horizontal benders, tapping and fastener insertion machines, and environment related products; cutting fluids, lubricants, and other consumables; and a range of tools for bending and punching.