Fanuc (OTCMKTS:FANUY) Shares Gap Down – Time to Sell?

Fanuc Corp. (OTCMKTS:FANUY)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $19.41, but opened at $18.1050. Fanuc shares last traded at $19.2350, with a volume of 18,924 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FANUY. Citigroup cut shares of Fanuc from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. UBS Group lowered shares of Fanuc from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Fanuc Trading Up 1.7%

The stock’s 50 day moving average is $19.23 and its 200-day moving average is $20.88. The company has a market cap of $38.47 billion, a P/E ratio of 31.07, a PEG ratio of 2.65 and a beta of 1.07.

Fanuc (OTCMKTS:FANUY) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.47 billion. Fanuc had a net margin of 20.11% and a return on equity of 9.60%. As a group, sell-side analysts forecast that Fanuc Corp. will post 0.68 EPS for the current year.

Fanuc Company Profile

FANUC Corporation is a Japanese provider of factory automation and industrial robotics technology. The company develops and manufactures computerized numerical control (CNC) systems, servo motors and servo amplifiers used to control machine tools and production equipment.

Its product portfolio also includes industrial robots and robotic systems for applications such as assembly, material handling, welding, packaging and painting. FANUC offers factory automation equipment including machining centers, electric injection molding machines and wire-cut electrical discharge machines, as well as software and related services designed to support automated manufacturing operations.

FANUC traces its origins to numerical control research conducted by Fujitsu in the 1950s and became an independent company in 1972.