Fanuc (OTCMKTS:FANUY) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Fanuc Corp. (OTCMKTS:FANUY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.12 and traded as high as $19.1950. Fanuc shares last traded at $19.07, with a volume of 157,964 shares.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res raised Fanuc from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Fanuc presently has a consensus rating of “Strong Buy”.

Fanuc Trading Down 0.5%

The firm’s 50-day moving average price is $17.09 and its two-hundred day moving average price is $15.15. The stock has a market cap of $37.29 billion, a PE ratio of 33.30, a PEG ratio of 3.93 and a beta of 0.70.

Fanuc (OTCMKTS:FANUY) last announced its earnings results on Friday, October 31st. The industrial products company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $198.19 billion. Fanuc had a return on equity of 9.03% and a net margin of 19.28%. On average, analysts anticipate that Fanuc Corp. will post 0.46 earnings per share 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.