Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Down – Time to Sell?

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares gapped down before the market opened on Monday. The stock had previously closed at $52.79, but opened at $49.50. Yaskawa Electric shares last traded at $49.7850, with a volume of 7,512 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on YASKY shares. Zacks Research assumed coverage on Yaskawa Electric in a research note on Friday, October 30th. They issued a “hold” rating for the company. The Goldman Sachs Group cut shares of Yaskawa Electric from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Yaskawa Electric currently has a consensus rating of “Moderate Buy”.

Yaskawa Electric Trading Down 0.6%

The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 28.14 and a beta of 1.63. The company has a fifty day moving average price of $56.92 and a two-hundred day moving average price of $66.82. The company has a current ratio of 2.42, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13.

Yaskawa Electric (OTCMKTS:YASKY) last posted its quarterly earnings results on Friday, October 9th. The technology company reported $0.65 EPS for the quarter. Yaskawa Electric had a return on equity of 7.19% and a net margin of 6.32%. The firm had revenue of $912.69 million during the quarter. As a group, research analysts forecast that Yaskawa Electric Corp. will post 2.31 earnings per share for the current fiscal year.

Yaskawa Electric Company Profile

Yaskawa Electric Corp. is a Japanese industrial technology company that develops and manufactures automation and motion-control equipment. Founded in 1915 and headquartered in Kitakyushu, Japan, the company serves manufacturers and industrial customers worldwide through operations and sales networks across Asia, the Americas, Europe and other regions.

Its products include AC drives, servo motors and controllers, motion-control systems, industrial controllers and related automation equipment.