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

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $73.19, but opened at $79.1650. Yaskawa Electric shares last traded at $80.05, with a volume of 531 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on YASKY shares. Jefferies Financial Group upgraded Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup upgraded Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Three investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Yaskawa Electric Trading Up 3.7%

The company has a market cap of $10.43 billion, a PE ratio of 44.43 and a beta of 1.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.47 and a quick ratio of 1.36. The company has a 50-day moving average of $75.05 and a 200 day moving average of $66.24.

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

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.