Yaskawa Electric (OTCMKTS:YASKY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY) saw unusually-high trading volume on Thursday. Approximately 37,855 shares traded hands during mid-day trading, an increase of 200% from the average daily volume of 12,621 shares. The stock last traded at $52.74 and had previously closed at $53.70.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Yaskawa Electric from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Yaskawa Electric Stock Performance

The stock has a market capitalization of $6.39 billion, a P/E ratio of 27.98 and a beta of 1.51. The business has a 50-day moving average price of $57.43 and a 200 day moving average price of $66.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 2.42.

Yaskawa Electric (OTCMKTS:YASKY) last released its quarterly earnings data on Friday, October 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $912.69 million during the quarter. Yaskawa Electric had a net margin of 6.32% and a return on equity of 7.19%.

About Yaskawa Electric

Yaskawa Electric Corp. is a Japanese industrial technology company that develops and manufactures automation and motion-control equipment. Founded in 1915 and headquartered in Kitakyushu, Japan, the company serves manufacturers and industrial customers worldwide through operations and sales networks across Asia, the Americas, Europe and other regions.

Its products include AC drives, servo motors and controllers, motion-control systems, industrial controllers and related automation equipment.