Yaskawa Electric (OTCMKTS:YASKY) Trading Down 6.8% – Here’s What Happened

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY) traded down 6.8% during mid-day trading on Friday . The stock traded as low as $57.11 and last traded at $57.11. 215 shares were traded during mid-day trading, a decline of 98% from the average session volume of 10,888 shares. The stock had previously closed at $61.28.

Analyst Ratings Changes

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

Yaskawa Electric Stock Down 0.9%

The firm has a 50-day moving average of $65.32 and a two-hundred day moving average of $55.49. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 30.47 and a beta of 1.00. The company has a current ratio of 2.14, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10.

Yaskawa Electric (OTCMKTS:YASKY) last issued its quarterly earnings results on Friday, January 9th. The technology company reported $0.37 EPS 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. As a group, sell-side analysts predict that Yaskawa Electric Corp. will post 3.02 earnings per share for the current fiscal 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.