Fanuc (OTCMKTS:FANUY) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Fanuc Corp. (OTCMKTS:FANUY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.90 and traded as high as $18.80. Fanuc shares last traded at $18.50, with a volume of 245,871 shares changing hands.

Analyst Ratings Changes

Separately, Hsbc Global Res raised Fanuc from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy”.

Fanuc Stock Performance

The company has a 50 day simple moving average of $16.58 and a 200 day simple moving average of $14.90. The company has a market capitalization of $36.35 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 4.05 and a beta of 0.70.

Fanuc (OTCMKTS:FANUY) last issued its quarterly earnings results on Friday, October 31st. The industrial products company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Fanuc had a return on equity of 9.03% and a net margin of 19.28%.The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $198.19 billion. As a group, equities research analysts anticipate that Fanuc Corp. will post 0.46 EPS for the current year.

Fanuc Company Profile

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.