Zacks Investment Research Downgrades Fanuc (FANUY) to Hold
Fanuc (OTCMKTS:FANUY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “Fanuc Ltd. is a manufacturer of factory automation and robots. It is engaged in the development, manufacture, sale and maintenance of robots and factory automation products primarily in Japan, US, Europe and other Asian countries. The Company’s technology is applied in the automation of machine tools. Its products lineup includes: computer numerical control series; servo motors; carbon dioxide laser oscillators; industrial lasers; robots and robot machines; machine for milling and boring, precision molding machines, wire-cut electric discharge machine and nano control technology based machines that have their applications in optical electronics, medical, semiconductor and biotechnology fields. Fanuc Ltd. is headquartered in Yamanashi Prefecture, Japan. “
Fanuc (OTCMKTS FANUY) traded down $0.07 during midday trading on Monday, reaching $26.61. The company’s stock had a trading volume of 362,121 shares, compared to its average volume of 170,237. The firm has a market cap of $54,440.00, a P/E ratio of 65.31, a PEG ratio of 2.96 and a beta of 0.81. Fanuc has a 12-month low of $17.05 and a 12-month high of $26.82.
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