Yaskawa Electric (OTCMKTS:YASKY) Sees Large Volume Increase – Here’s Why

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares saw unusually-strong trading volume on Thursday . 34,728 shares were traded during trading, an increase of 195% from the previous session’s volume of 11,775 shares.The stock last traded at $67.00 and had previously closed at $67.74.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Citigroup upgraded Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Jefferies Financial Group raised Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 13th. Three equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Yaskawa Electric Stock Down 1.1%

The firm has a 50 day moving average price of $77.82 and a 200-day moving average price of $70.79. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 39.41 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.25 and a quick ratio of 1.21.

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

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.