Yaskawa Electric (OTCMKTS:YASKY) Hits New 52-Week High Following Analyst Upgrade

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY) hit a new 52-week high during trading on Tuesday after Citigroup upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $86.4990 and last traded at $85.99, with a volume of 10067 shares traded. The stock had previously closed at $82.0690.

Separately, Jefferies Financial Group upgraded shares of Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 13th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Yaskawa Electric Price Performance

The firm’s 50-day moving average price is $62.89 and its two-hundred day moving average price is $61.54. The stock has a market cap of $11.59 billion, a PE ratio of 49.39 and a beta of 1.37. The company has a current ratio of 2.47, a quick ratio of 1.36 and a debt-to-equity ratio of 0.13.

Yaskawa Electric (OTCMKTS:YASKY) last announced its quarterly earnings results on Friday, April 10th. The technology company reported $0.48 earnings per share for the quarter. Yaskawa Electric had a net margin of 6.50% and a return on equity of 7.51%. The firm had revenue of $941.89 million during the quarter.

Yaskawa Electric Company Profile

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.