Fanuc (OTCMKTS:FANUY) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Fanuc Corp. (OTCMKTS:FANUYGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.12 and traded as high as $19.1950. Fanuc shares last traded at $19.07, with a volume of 157,964 shares.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on FANUY

Fanuc Trading Up 1.1%

The company has a market cap of $37.47 billion, a P/E ratio of 33.46, a PEG ratio of 3.89 and a beta of 0.70. The business has a 50 day moving average price of $17.01 and a 200-day moving average price of $15.12.

Fanuc (OTCMKTS:FANUYGet Free Report) last issued its earnings results on Friday, October 31st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Fanuc had a net margin of 19.28% and a return on equity of 9.03%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $198.19 billion. On average, sell-side analysts expect that Fanuc Corp. will post 0.46 earnings per share for the current year.

About Fanuc

(Get Free Report)

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.

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