Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Up – Here’s What Happened

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $56.85, but opened at $59.2250. Yaskawa Electric shares last traded at $59.2250, with a volume of 266 shares changing hands.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Yaskawa Electric Stock Up 2.2%

The company’s fifty day moving average price is $68.46 and its 200-day moving average price is $70.35. The stock has a market cap of $7.70 billion, a P/E ratio of 34.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 2.25.

Yaskawa Electric (OTCMKTS:YASKY) last announced its quarterly earnings data on Friday, July 10th. The technology company reported $0.26 earnings per share for the quarter. The company had revenue of $875.77 million during the quarter. Yaskawa Electric had a net margin of 6.11% and a return on equity of 7.00%.

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.