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

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $79.28, but opened at $91.58. Yaskawa Electric shares last traded at $91.58, with a volume of 724 shares changing hands.

Wall Street Analysts Forecast Growth

YASKY has been the topic of several recent analyst reports. Citigroup raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note 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 research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Yaskawa Electric Price Performance

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 capitalization of $11.88 billion, a price-to-earnings ratio of 50.60 and a beta of 1.37. The stock’s 50 day moving average price is $65.95 and its two-hundred day moving average price is $62.71.

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 business had revenue of $941.89 million for 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.