Fanuc (OTCMKTS:FANUY) Sets New 12-Month High – Should You Buy?

Fanuc Corp. (OTCMKTS:FANUY) hit a new 52-week high during trading on Thursday . The company traded as high as $22.89 and last traded at $22.55, with a volume of 102919 shares. The stock had previously closed at $21.31.

Wall Street Analyst Weigh In

Separately, HSBC raised shares of Fanuc from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Fanuc Trading Up 1.9%

The stock has a fifty day moving average price of $20.50 and a 200 day moving average price of $17.37. The firm has a market cap of $43.98 billion, a price-to-earnings ratio of 38.59, a price-to-earnings-growth ratio of 3.31 and a beta of 0.70.

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

About Fanuc

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.