Fanuc (OTCMKTS:FANUY) Sees Unusually-High Trading Volume – What’s Next?

Fanuc Corp. (OTCMKTS:FANUY) saw strong trading volume on Friday . 695,871 shares traded hands during mid-day trading, an increase of 44% from the previous session’s volume of 482,948 shares.The stock last traded at $21.0675 and had previously closed at $21.45.

Analyst Ratings Changes

Separately, HSBC upgraded shares of Fanuc from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Fanuc Stock Performance

The company has a 50-day simple moving average of $20.17 and a 200-day simple moving average of $16.94. The company has a market cap of $41.80 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 3.49 and a beta of 0.70.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings data on Monday, January 26th. The industrial products company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $210.35 billion. Fanuc had a net margin of 19.36% and a return on equity of 9.14%. As a group, equities research analysts forecast that Fanuc Corp. will post 0.46 EPS for the current 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.