Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Down – What’s Next?

Yaskawa Electric Corp. (OTCMKTS:YASKY) gapped down prior to trading on Wednesday . The stock had previously closed at $59.4506, but opened at $57.34. Yaskawa Electric shares last traded at $57.34, with a volume of 387 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Yaskawa Electric Stock Down 0.9%

The stock has a market cap of $7.34 billion, a P/E ratio of 33.31 and a beta of 1.47. The company has a current ratio of 2.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average is $69.66 and its 200 day moving average is $70.51.

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