Fanuc (OTCMKTS:FANUY) Reaches New 52-Week High – Here’s Why

Fanuc Corp. (OTCMKTS:FANUY)’s stock price reached a new 52-week high on Monday . The company traded as high as $21.19 and last traded at $21.0880, with a volume of 20283 shares changing hands. The stock had previously closed at $21.04.

Analysts Set New Price Targets

Separately, Hsbc Global Res raised Fanuc from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Fanuc Stock Up 0.6%

The firm has a market capitalization of $41.58 billion, a price-to-earnings ratio of 37.13, a P/E/G ratio of 4.34 and a beta of 0.68. The stock has a 50 day moving average of $17.99 and a 200 day moving average of $15.70.

Fanuc (OTCMKTS:FANUY) last released its earnings results on Friday, October 31st. The industrial products company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $198.19 billion. Fanuc had a return on equity of 9.03% and a net margin of 19.28%. Analysts predict that Fanuc Corp. will post 0.46 earnings per share 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.