Fanuc (OTCMKTS:FANUY) Stock Rating Lowered by UBS Group

Fanuc (OTCMKTS:FANUY) was downgraded by research analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Fanuc Trading Down 3.5%

Shares of OTCMKTS:FANUY opened at $19.95 on Thursday. The company has a 50 day moving average of $21.49 and a 200 day moving average of $21.28. The stock has a market cap of $39.19 billion, a P/E ratio of 32.18, a P/E/G ratio of 2.84 and a beta of 1.04. Fanuc has a 12 month low of $13.60 and a 12 month high of $27.54.

Fanuc (OTCMKTS:FANUY) last posted its earnings results on Friday, July 31st. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Fanuc had a net margin of 20.11% and a return on equity of 9.59%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.47 billion. On average, equities analysts forecast that Fanuc will post 0.68 earnings per share for the current fiscal 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.