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

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY) gapped down prior to trading on Tuesday . The stock had previously closed at $92.4150, but opened at $85.40. Yaskawa Electric shares last traded at $84.57, with a volume of 1,967 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup upgraded shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Jefferies Financial Group raised shares of Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Yaskawa Electric currently has an average rating of “Buy”.

Yaskawa Electric Price Performance

The firm has a market capitalization of $10.78 billion, a P/E ratio of 45.92 and a beta of 1.44. The stock’s fifty day simple moving average is $83.73 and its 200 day simple moving average is $69.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.47 and a quick ratio of 1.36.

Yaskawa Electric (OTCMKTS:YASKY) last released its quarterly earnings results on Friday, April 10th. The technology company reported $0.48 earnings per share for the quarter. The business had revenue of $941.89 million for the quarter. Yaskawa Electric had a net margin of 6.50% and a return on equity of 7.51%.

Yaskawa Electric Company Profile

Yaskawa Electric Corporation is a Japan‐based manufacturer of industrial automation equipment, specializing in motion control technology, robotics, and drive systems. The company designs and produces a range of products that include AC and DC servo motors, inverters, programmable logic controllers, welding robots and general-purpose industrial robots. Its offerings are used across diverse sectors such as automotive, electronics, food and beverage, pharmaceuticals, and logistics to improve productivity, precision and energy efficiency in manufacturing processes.

Founded in 1915 in Kitakyushu, Japan, Yaskawa Electric has evolved from a regional motor repair shop into a global provider of factory automation and mechatronic solutions.