Yaskawa Electric (OTCMKTS:YASKY) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $55.91 and traded as high as $59.7650. Yaskawa Electric shares last traded at $58.81, with a volume of 5,599 shares changing hands.

Wall Street Analysts Forecast Growth

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

Yaskawa Electric Trading Up 0.1%

The stock has a market cap of $7.63 billion, a PE ratio of 19.67 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 stock has a fifty day moving average price of $55.91 and a 200 day moving average price of $47.49.

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

About Yaskawa Electric

Yaskawa Electric Corporation is a Japan‐based manufacturer of industrial automation equipment, specializing in motion control technology, robotics, and drive systems. The company designs and produces a range of products that include AC and DC servo motors, inverters, programmable logic controllers, welding robots and general-purpose industrial robots. Its offerings are used across diverse sectors such as automotive, electronics, food and beverage, pharmaceuticals, and logistics to improve productivity, precision and energy efficiency in manufacturing processes.

Founded in 1915 in Kitakyushu, Japan, Yaskawa Electric has evolved from a regional motor repair shop into a global provider of factory automation and mechatronic solutions.