Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Down – Here’s What Happened

Yaskawa Electric Corp. (OTCMKTS:YASKY) gapped down prior to trading on Thursday . The stock had previously closed at $54.60, but opened at $52.17. Yaskawa Electric shares last traded at $53.23, with a volume of 4,328 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on YASKY shares. Zacks Research upgraded Yaskawa Electric from a “strong sell” rating to a “hold” rating in a report on Thursday, September 18th. UBS Group raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. The Goldman Sachs Group upgraded shares of Yaskawa Electric from a “hold” rating to a “buy” rating in a report on Monday, October 13th. Finally, Nomura Securities raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Yaskawa Electric presently has an average rating of “Buy”.

Yaskawa Electric Price Performance

The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 17.38 and a beta of 1.15. The stock’s fifty day moving average price is $49.78 and its two-hundred day moving average price is $45.39. The company has a current ratio of 2.26, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11.

Yaskawa Electric (OTCMKTS:YASKY) last posted its earnings results on Friday, October 3rd. The technology company reported $0.59 EPS for the quarter. Yaskawa Electric had a return on equity of 13.12% and a net margin of 10.72%.The firm had revenue of $914.02 million for the quarter. Equities research analysts expect that Yaskawa Electric Corp. will post 3.02 EPS for the current year.

Yaskawa Electric Company Profile

YASKAWA Electric Corporation engages in motion control, robotics, system engineering, and other businesses worldwide. It manufactures and sells various AC drives, including general purpose AC drives, specific purpose AC drives, AC Drive for systems, regenerative energy saving units, and PM motors for use in household appliances, such as air conditioners and refrigerators; social infrastructures comprising elevators, escalators, trains, cranes, fans, and pumps; and factories that manufacture printing machinery, textile machinery, rubber machinery, and other materials.