Fanuc (OTCMKTS:FANUY) Shares Gap Down – What’s Next?

Fanuc Corp. (OTCMKTS:FANUY) shares gapped down prior to trading on Monday. The stock had previously closed at $19.14, but opened at $18.50. Fanuc shares last traded at $18.7150, with a volume of 20,907 shares.

Wall Street Analysts Forecast Growth

FANUY has been the subject of several analyst reports. Citigroup downgraded Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. UBS Group cut shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Fanuc Price Performance

The stock has a market cap of $36.62 billion, a P/E ratio of 30.06, a PEG ratio of 2.54 and a beta of 1.07. The stock’s fifty day simple moving average is $19.13 and its 200-day simple moving average is $20.92.

Fanuc (OTCMKTS:FANUY) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Fanuc had a return on equity of 9.60% and a net margin of 20.11%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.47 billion. Analysts forecast that Fanuc Corp. will post 0.68 EPS for the current year.

Fanuc Company Profile

Fanuc Corp. is a Japanese manufacturer of factory automation equipment and industrial robotics headquartered in Yamanashi, Japan. The company provides automation technologies used in manufacturing, including computer numerical control (CNC) systems, servo motors and amplifiers, and related control software and hardware.

Fanuc’s product portfolio includes industrial robots and collaborative robots, as well as automated machining and production systems. Its portfolio also includes ROBODRILL machining centers, ROBOSHOT electric injection molding machines, ROBOCUT wire-cut electrical discharge machines, and systems designed to connect, monitor and optimize factory equipment.

The company traces its origins to research and development in numerical control and servo technologies at Fujitsu during the 1950s and became an independent company in 1972.