Fanuc (OTCMKTS:FANUY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Fanuc Corp. (OTCMKTS:FANUY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.77 and traded as high as $16.11. Fanuc shares last traded at $16.04, with a volume of 176,616 shares changing hands.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res downgraded shares of Fanuc from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Fanuc Stock Up 0.8%

The company has a market cap of $31.51 billion, a PE ratio of 28.14, a P/E/G ratio of 3.98 and a beta of 0.71. The firm’s fifty day simple moving average is $14.69 and its 200-day simple moving average is $13.77.

Fanuc (OTCMKTS:FANUY) last announced its earnings results on Friday, July 25th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Fanuc had a net margin of 19.62% and a return on equity of 9.10%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. On average, analysts predict that Fanuc Corp. will post 0.46 earnings per share for the current year.

About Fanuc

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.