Yaskawa Electric Corp. (OTCMKTS:YASKY – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $59.4506, but opened at $57.34. Yaskawa Electric shares last traded at $57.34, with a volume of 387 shares changing hands.
Analysts Set New Price Targets
Separately, Citigroup raised Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.
Check Out Our Latest Analysis on YASKY
Yaskawa Electric Stock Performance
Yaskawa Electric (OTCMKTS:YASKY – Get Free Report) last released its earnings results on Friday, July 10th. The technology company reported $0.26 EPS for the quarter. The business had revenue of $875.77 million during the quarter. Yaskawa Electric had a net margin of 6.11% and a return on equity of 7.00%.
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.
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