Fanuc (OTCMKTS:FANUF) Trading 1% Higher – Here’s Why

Fanuc Co. (OTCMKTS:FANUFGet Free Report) shares rose 1% during mid-day trading on Tuesday . The company traded as high as C$32.50 and last traded at C$29.25. Approximately 2,551 shares changed hands during trading, a decline of 70% from the average daily volume of 8,507 shares. The stock had previously closed at C$28.96.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lowered Fanuc to a “hold” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Fanuc presently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on Fanuc

Fanuc Trading Up 1.0%

The stock’s fifty day simple moving average is C$30.59 and its 200-day simple moving average is C$28.72.

About Fanuc

(Get Free Report)

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.

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