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

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $79.28, but opened at $91.58. Yaskawa Electric shares last traded at $91.58, with a volume of 724 shares.

Wall Street Analysts Forecast Growth

YASKY has been the topic of several recent analyst reports. Jefferies Financial Group raised Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a report on Monday, April 13th. Citigroup raised 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 issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Yaskawa Electric Price Performance

The business has a 50-day moving average price of $65.95 and a 200 day moving average price of $62.71. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 50.60 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 data on Friday, April 10th. The technology company reported $0.48 EPS for the quarter. Yaskawa Electric had a return on equity of 7.51% and a net margin of 6.50%.The company had revenue of $941.89 million during the quarter.

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.