Yaskawa Electric (OTCMKTS:YASKY) Sees Unusually-High Trading Volume – Time to Buy?

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares saw unusually-strong trading volume on Friday. Approximately 402,840 shares traded hands during mid-day trading, an increase of 2,779% from the average daily volume of 13,992 shares. The stock last traded at $44.44 and had previously closed at $49.33.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Zacks Research initiated coverage on Yaskawa Electric in a research report on Friday, October 30th. They set a “hold” rating on the stock. The Goldman Sachs Group lowered Yaskawa Electric from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Yaskawa Electric Price Performance

The company’s 50-day moving average price is $56.31 and its 200-day moving average price is $66.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.42 and a quick ratio of 1.31. The company has a market cap of $5.81 billion, a P/E ratio of 25.44 and a beta of 1.63.

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

About Yaskawa Electric

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.