Fanuc (OTCMKTS:FANUY) Shares Gap Down – Time to Sell?

Shares of Fanuc Corp. (OTCMKTS:FANUY) gapped down before the market opened on Monday . The stock had previously closed at $20.32, but opened at $19.20. Fanuc shares last traded at $19.19, with a volume of 36,782 shares.

Fanuc Trading Down 4.9%

The firm has a market cap of $37.96 billion, a P/E ratio of 31.16, a PEG ratio of 2.60 and a beta of 1.04. The company has a fifty day moving average price of $22.41 and a two-hundred day moving average price of $21.32.

Fanuc (OTCMKTS:FANUY) last released its earnings results on Friday, July 31st. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Fanuc had a return on equity of 9.59% and a net margin of 20.11%. As a group, sell-side analysts expect that Fanuc Corp. will post 0.65 EPS for the current year.

About Fanuc

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.