Zacks Investment Research cut shares of Yaskawa Electric Corp. (OTCMKTS:YASKY) from a strong-buy rating to a sell rating in a report published on Wednesday morning.

According to Zacks, “YASKAWA Electric Corporation is involved in manufacturing, sales, installation, maintenance and engineering of electrical equipment. The company operates through Motion Control, Robotics, System Engineering, Information Technologies and Other parts of business. Its products include spindle controllers, computerized numerical control systems, and system engineering. YASKAWA Electric Corporation is headquartered in Kitakyushu, Japan. “

Yaskawa Electric Corp. (OTCMKTS:YASKY) opened at 63.65 on Wednesday. Yaskawa Electric Corp. has a 52-week low of $28.92 and a 52-week high of $64.82. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 34.29 and a beta of 0.99. The firm’s 50 day moving average price is $59.95 and its 200 day moving average price is $46.16.

COPYRIGHT VIOLATION NOTICE: “Yaskawa Electric Corp. (YASKY) Stock Rating Lowered by Zacks Investment Research” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.watchlistnews.com/yaskawa-electric-corp-yasky-stock-rating-lowered-by-zacks-investment-research/1600161.html.

Yaskawa Electric Corp. Company Profile

YASKAWA Electric Corporation engages in the motion control, robotics, system engineering, and other businesses in the Americas, Europe, the Asia Pacific, and Africa. It manufactures and sells various AC drives, including general purpose AC drives, medium-voltage AC drives, system-use AC drives, and power regenerative units for use in cranes, fans, pumps, machine tools, conveyers, automated ware houses, and metal working machinery; system controllers for iron and steel systems, water and wastewater treatment, and paper-making/film/port cargo handling/fiber/printing; and rotary servo motors, direct drive servo motors, linear servo motors, linear sliders, machine controllers, motion adapters, and machine vision systems that are used in chip mounters, robots, and metal working machinery.

Get a free copy of the Zacks research report on Yaskawa Electric Corp. (YASKY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Yaskawa Electric Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yaskawa Electric Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.