Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Up – Here’s What Happened

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $61.3445, but opened at $63.00. Yaskawa Electric shares last traded at $64.3825, with a volume of 2,236 shares traded.

Analysts Set New Price Targets

A number of research analysts have issued reports on YASKY shares. Nomura Securities raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. UBS Group upgraded Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. The Goldman Sachs Group raised Yaskawa Electric from a “hold” rating to a “buy” rating in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft raised shares of Yaskawa Electric to a “buy” rating in a report on Monday, November 24th. Finally, Zacks Research upgraded shares of Yaskawa Electric from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Yaskawa Electric presently has a consensus rating of “Buy”.

Yaskawa Electric Stock Up 5.4%

The stock has a market cap of $8.38 billion, a P/E ratio of 21.62 and a beta of 1.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.26. The firm’s 50-day moving average is $53.25 and its two-hundred day moving average is $46.36.

Yaskawa Electric (OTCMKTS:YASKY) last released its quarterly earnings results on Friday, October 3rd. The technology company reported $0.59 earnings per share (EPS) for the quarter. Yaskawa Electric had a return on equity of 13.12% and a net margin of 10.72%.The firm had revenue of $914.02 million for the quarter. On average, equities research analysts anticipate that Yaskawa Electric Corp. will post 3.02 earnings per share for the current year.

About Yaskawa Electric

YASKAWA Electric Corporation engages in motion control, robotics, system engineering, and other businesses worldwide. It manufactures and sells various AC drives, including general purpose AC drives, specific purpose AC drives, AC Drive for systems, regenerative energy saving units, and PM motors for use in household appliances, such as air conditioners and refrigerators; social infrastructures comprising elevators, escalators, trains, cranes, fans, and pumps; and factories that manufacture printing machinery, textile machinery, rubber machinery, and other materials.