Fanuc Corp. (OTCMKTS:FANUY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Fanuc Ltd. is a manufacturer of factory automation and robots. It is engaged in the development, manufacture, sale and maintenance of robots and factory automation products primarily in Japan, US, Europe and other Asian countries. The Company’s technology is applied in the automation of machine tools. Its products lineup includes: computer numerical control series; servo motors; carbon dioxide laser oscillators; industrial lasers; robots and robot machines; machine for milling and boring, precision molding machines, wire-cut electric discharge machine and nano control technology based machines that have their applications in optical electronics, medical, semiconductor and biotechnology fields. Fanuc Ltd. is headquartered in Yamanashi Prefecture, Japan. “

Separately, Macquarie reaffirmed a “neutral” rating on shares of Fanuc Corp. in a research report on Monday, July 31st.

Shares of Fanuc Corp. (FANUY) traded up 0.36% on Friday, hitting $19.52. The stock had a trading volume of 111,866 shares. The company has a 50-day moving average of $19.92 and a 200 day moving average of $19.92. Fanuc Corp. has a 52 week low of $16.20 and a 52 week high of $21.74. The company has a market capitalization of $37.84 billion, a price-to-earnings ratio of 29.92 and a beta of 0.68.

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