Yaskawa Electric (OTCMKTS:YASKY) Sees Strong Trading Volume – Time to Buy?

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares saw strong trading volume on Friday. 402,840 shares traded hands during mid-day trading, an increase of 2,779% from the average daily volume of 13,992 shares. The stock last traded at $44.44 and had previously closed at $49.33.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on YASKY shares. Zacks Research assumed coverage on Yaskawa Electric in a research note on Friday, October 30th. They issued a “hold” rating on the stock. The Goldman Sachs Group cut shares of Yaskawa Electric from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Yaskawa Electric presently has a consensus rating of “Moderate Buy”.

Yaskawa Electric Price Performance

The company has a market cap of $5.81 billion, a P/E ratio of 25.44 and a beta of 1.63. The company has a fifty day moving average price of $56.31 and a two-hundred day moving average price of $66.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 2.42.

Yaskawa Electric (OTCMKTS:YASKY) last released its earnings results on Friday, October 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter. Yaskawa Electric had a return on equity of 7.19% and a net margin of 6.32%. The business had revenue of $912.69 million for the quarter. On average, sell-side analysts anticipate that Yaskawa Electric Corp. will post 2.31 earnings per share for the current fiscal year.

Yaskawa Electric Company Profile

Yaskawa Electric Corp. is a Japanese industrial technology company that develops and manufactures automation and motion-control equipment. Founded in 1915 and headquartered in Kitakyushu, Japan, the company serves manufacturers and industrial customers worldwide through operations and sales networks across Asia, the Americas, Europe and other regions.

Its products include AC drives, servo motors and controllers, motion-control systems, industrial controllers and related automation equipment.