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

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY) gapped up before the market opened on Thursday . The stock had previously closed at $84.9560, but opened at $91.16. Yaskawa Electric shares last traded at $91.15, with a volume of 767 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Jefferies Financial Group upgraded shares of Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Yaskawa Electric currently has a consensus rating of “Buy”.

Yaskawa Electric Price Performance

The company has a current ratio of 2.47, a quick ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $77.47 and a 200-day moving average of $67.20. The firm has a market capitalization of $11.78 billion, a P/E ratio of 50.20 and a beta of 1.44.

Yaskawa Electric (OTCMKTS:YASKY) last posted its earnings results on Friday, April 10th. The technology company reported $0.48 earnings per share for the quarter. The company had revenue of $941.89 million during the quarter. Yaskawa Electric had a return on equity of 7.51% and a net margin of 6.50%.

Yaskawa Electric Company Profile

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.