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

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $56.85, but opened at $59.2250. Yaskawa Electric shares last traded at $59.2250, with a volume of 266 shares traded.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Yaskawa Electric Stock Performance

The company has a market cap of $7.70 billion, a P/E ratio of 34.94 and a beta of 1.47. The company has a quick ratio of 1.21, a current ratio of 2.25 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average is $68.46 and its two-hundred day moving average is $70.35.

Yaskawa Electric (OTCMKTS:YASKY) last issued its earnings results on Friday, July 10th. The technology company reported $0.26 earnings per share (EPS) for the quarter. Yaskawa Electric had a net margin of 6.11% and a return on equity of 7.00%. The business had revenue of $875.77 million for the quarter.

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.