Fanuc (OTCMKTS:FANUY) Shares Gap Down – Should You Sell?

Fanuc Corp. (OTCMKTS:FANUY) shares gapped down before the market opened on Monday. The stock had previously closed at $19.14, but opened at $18.50. Fanuc shares last traded at $18.7150, with a volume of 20,907 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup lowered shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. UBS Group downgraded shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Fanuc Price Performance

The stock has a fifty day moving average price of $19.06 and a two-hundred day moving average price of $20.93. The company has a market cap of $36.34 billion, a P/E ratio of 29.89, a PEG ratio of 2.55 and a beta of 1.07.

Fanuc (OTCMKTS:FANUY) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Fanuc had a return on equity of 9.60% and a net margin of 20.11%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.47 billion. As a group, analysts forecast that Fanuc Corp. will post 0.68 earnings per share for the current year.

About Fanuc

Fanuc Corp. is a Japanese manufacturer of factory automation equipment and industrial robotics headquartered in Yamanashi, Japan. The company provides automation technologies used in manufacturing, including computer numerical control (CNC) systems, servo motors and amplifiers, and related control software and hardware.

Fanuc’s product portfolio includes industrial robots and collaborative robots, as well as automated machining and production systems. Its portfolio also includes ROBODRILL machining centers, ROBOSHOT electric injection molding machines, ROBOCUT wire-cut electrical discharge machines, and systems designed to connect, monitor and optimize factory equipment.

The company traces its origins to research and development in numerical control and servo technologies at Fujitsu during the 1950s and became an independent company in 1972.