Fanuc (OTCMKTS:FANUY) Shares Gap Up – Should You Buy?

Shares of Fanuc Corp. (OTCMKTS:FANUY) gapped up prior to trading on Friday . The stock had previously closed at $24.42, but opened at $25.53. Fanuc shares last traded at $25.73, with a volume of 144,436 shares.

Fanuc Price Performance

The business’s 50 day moving average price is $20.59 and its 200 day moving average price is $19.78. The stock has a market capitalization of $50.83 billion, a P/E ratio of 43.85, a price-to-earnings-growth ratio of 3.16 and a beta of 0.99.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings results on Friday, April 24th. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Fanuc had a net margin of 19.41% and a return on equity of 9.15%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $224.28 billion. As a group, analysts forecast that Fanuc Corp. will post 0.68 earnings per share 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.