Fanuc (OTCMKTS:FANUY) Sets New 52-Week High – Still a Buy?

Shares of Fanuc Corp. (OTCMKTS:FANUY) hit a new 52-week high during trading on Monday . The stock traded as high as $21.98 and last traded at $21.98, with a volume of 311816 shares changing hands. The stock had previously closed at $21.73.

Analyst Ratings Changes

Separately, HSBC raised 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, According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Fanuc Price Performance

The company has a market capitalization of $43.28 billion, a P/E ratio of 37.98, a PEG ratio of 3.38 and a beta of 0.70. The company has a 50 day moving average of $19.82 and a 200-day moving average of $16.77.

Fanuc (OTCMKTS:FANUY) last released its quarterly earnings data on Monday, January 26th. The industrial products company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $210.35 billion. Fanuc had a return on equity of 9.12% and a net margin of 19.36%. Research analysts predict that Fanuc Corp. will post 0.46 EPS for the current fiscal 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.