Fanuc (OTCMKTS:FANUY) Shares Gap Down – Here’s Why

Shares of Fanuc Corp. (OTCMKTS:FANUY) gapped down before the market opened on Thursday . The stock had previously closed at $20.62, but opened at $19.55. Fanuc shares last traded at $19.67, with a volume of 89,897 shares.

Fanuc Trading Down 1.5%

The stock’s 50 day moving average is $20.81 and its two-hundred day moving average is $17.63. The stock has a market capitalization of $37.94 billion, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 3.05 and a beta of 0.68.

Fanuc (OTCMKTS:FANUY) last issued its quarterly earnings results on Monday, January 26th. The industrial products company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $210.35 billion. Fanuc had a net margin of 19.36% and a return on equity of 9.14%. On average, research analysts anticipate that Fanuc Corp. will post 0.46 earnings per share for the current year.

Fanuc Company Profile

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.