Shares of Fanuc Corp. (OTCMKTS:FANUY – Get Free Report) saw an uptick in trading volume on Friday. Approximately 446,325 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 488,189 shares. The stock last traded at $18.8550 and had previously closed at $19.14.
Analyst Ratings Changes
Several analysts recently issued reports on FANUY shares. UBS Group cut Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Citigroup lowered Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on Fanuc
Fanuc Price Performance
Fanuc (OTCMKTS:FANUY – Get Free Report) last released its earnings results on Friday, July 31st. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.47 billion. Fanuc had a net margin of 20.11% and a return on equity of 9.60%. Sell-side analysts forecast that Fanuc Corp. will post 0.68 earnings per share for the current fiscal year.
About Fanuc
FANUC Corporation is a Japanese provider of factory automation and industrial robotics technology. The company develops and manufactures computerized numerical control (CNC) systems, servo motors and servo amplifiers used to control machine tools and production equipment.
Its product portfolio also includes industrial robots and robotic systems for applications such as assembly, material handling, welding, packaging and painting. FANUC offers factory automation equipment including machining centers, electric injection molding machines and wire-cut electrical discharge machines, as well as software and related services designed to support automated manufacturing operations.
FANUC traces its origins to numerical control research conducted by Fujitsu in the 1950s and became an independent company in 1972.
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