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

Yaskawa Electric Corp. (OTCMKTS:YASKY) gapped up prior to trading on Friday . The stock had previously closed at $73.19, but opened at $79.1650. Yaskawa Electric shares last traded at $80.05, with a volume of 531 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on YASKY. 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. Citigroup raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Yaskawa Electric Trading Up 3.7%

The company has a quick ratio of 1.36, a current ratio of 2.47 and a debt-to-equity ratio of 0.13. The firm has a market cap of $10.43 billion, a P/E ratio of 44.43 and a beta of 1.44. The company’s 50 day simple moving average is $75.05 and its 200-day simple moving average is $66.24.

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

About Yaskawa Electric

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.