Yaskawa Electric (OTCMKTS:YASKY) Trading Down 8.7% – Here’s What Happened

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares traded down 8.7% during mid-day trading on Wednesday . The stock traded as low as $87.2850 and last traded at $87.2850. Approximately 219 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 11,287 shares. The stock had previously closed at $95.58.

Wall Street Analyst Weigh In

Several brokerages have commented on YASKY. Jefferies Financial Group upgraded shares of Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a report on Monday, April 13th. Citigroup upgraded shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Yaskawa Electric Stock Performance

The stock has a fifty day moving average of $80.83 and a 200-day moving average of $68.64. The firm has a market capitalization of $11.34 billion, a P/E ratio of 48.33 and a beta of 1.44. The company has a quick ratio of 1.36, a current ratio of 2.47 and a debt-to-equity ratio of 0.13.

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