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

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $70.4550, but opened at $62.0499. Yaskawa Electric shares last traded at $61.46, with a volume of 6,780 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Yaskawa Electric to a “buy” rating in a research note on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Yaskawa Electric Trading Down 1.1%

The company has a debt-to-equity ratio of 0.10, a current ratio of 2.14 and a quick ratio of 1.16. The firm has a fifty day simple moving average of $65.34 and a 200-day simple moving average of $55.47. The firm has a market cap of $7.95 billion, a P/E ratio of 32.08 and a beta of 1.00.

Yaskawa Electric (OTCMKTS:YASKY) last issued its earnings results on Friday, January 9th. The technology company reported $0.37 earnings per share for the quarter. Yaskawa Electric had a return on equity of 8.18% and a net margin of 6.86%.The company had revenue of $892.43 million for the quarter. On average, equities research analysts expect that Yaskawa Electric Corp. will post 3.02 earnings per share for the current year.

About Yaskawa Electric

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.