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

Shares of Fanuc Corp. (OTCMKTS:FANUY) gapped down prior to trading on Monday . The stock had previously closed at $19.80, but opened at $18.77. Fanuc shares last traded at $19.51, with a volume of 22,761 shares trading hands.

Fanuc Trading Down 1.4%

The company has a market cap of $38.36 billion, a price-to-earnings ratio of 33.66, a price-to-earnings-growth ratio of 2.69 and a beta of 0.80. The firm’s fifty day moving average price is $19.77 and its 200-day moving average price is $18.38.

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