Fanuc (OTCMKTS:FANUY) Sees Large Volume Increase – Here’s What Happened

Shares of Fanuc Corp. (OTCMKTS:FANUY) saw unusually-high trading volume on Thursday. Approximately 3,133,247 shares traded hands during mid-day trading, an increase of 472% from the average daily volume of 548,052 shares. The stock last traded at $17.19 and had previously closed at $17.90.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup cut Fanuc from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Zacks Research upgraded shares of Fanuc from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 23rd. Finally, UBS Group lowered Fanuc from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fanuc has an average rating of “Moderate Buy”.

Fanuc Trading Down 3.1%

The stock has a fifty day simple moving average of $18.62 and a 200-day simple moving average of $20.46. The stock has a market cap of $34.08 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 1.84 and a beta of 1.17.

Fanuc (OTCMKTS:FANUY) last issued its quarterly earnings results on Friday, October 23rd. The industrial products company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. Fanuc had a return on equity of 10.47% and a net margin of 21.53%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. Sell-side analysts forecast that Fanuc Corp. will post 0.77 earnings per share for the current fiscal year.

About Fanuc

FANUC Corporation is a Japan-based provider of factory automation equipment and services. Its products include computer numerical control (CNC) systems and machine tools, industrial robots, and automation systems used in manufacturing. The company also makes ROBOMACHINE products, including machining centers, electric injection molding machines, and wire electrical discharge machining equipment. FANUC provides related software, maintenance, and support services to help customers automate production processes.