Fanuc (OTCMKTS:FANUY) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Fanuc Corp. (OTCMKTS:FANUY) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.22 and traded as high as $21.00. Fanuc shares last traded at $20.80, with a volume of 329,457 shares traded.

Analyst Upgrades and Downgrades

Separately, HSBC upgraded shares of 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, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Fanuc Price Performance

The firm has a market cap of $40.87 billion, a P/E ratio of 35.86, a PEG ratio of 3.24 and a beta of 0.70. The firm’s 50-day moving average price is $20.35 and its 200 day moving average price is $17.22.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings data on Monday, January 26th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $210.35 billion. Fanuc had a net margin of 19.36% and a return on equity of 9.14%. Analysts forecast that Fanuc Corp. will post 0.46 earnings per share for the current year.

Fanuc Company Profile

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.