Fanuc (OTCMKTS:FANUY) Shares Gap Up – Time to Buy?

Shares of Fanuc Corp. (OTCMKTS:FANUY) gapped up before the market opened on Wednesday . The stock had previously closed at $24.14, but opened at $25.61. Fanuc shares last traded at $24.82, with a volume of 138,330 shares changing hands.

Fanuc Trading Up 2.4%

The company’s 50 day moving average price is $21.40 and its two-hundred day moving average price is $20.18. The firm has a market cap of $48.57 billion, a PE ratio of 41.90, a PEG ratio of 3.10 and a beta of 1.01.

Fanuc (OTCMKTS:FANUY) last posted its quarterly earnings data on Friday, April 24th. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Fanuc had a return on equity of 9.15% and a net margin of 19.41%.The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $224.28 billion. Equities research analysts expect that Fanuc Corp. 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.