Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Up – Should You Buy?

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares gapped up before the market opened on Thursday . The stock had previously closed at $61.47, but opened at $66.56. Yaskawa Electric shares last traded at $66.56, with a volume of 262 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on YASKY shares. The Goldman Sachs Group raised Yaskawa Electric from a “hold” rating to a “buy” rating in a report on Monday, October 13th. Nomura Securities upgraded shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. UBS Group raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Yaskawa Electric to a “buy” rating in a research report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Yaskawa Electric Stock Up 2.2%

The company’s 50 day moving average price is $57.98 and its two-hundred day moving average price is $49.61. The company has a current ratio of 2.26, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. The stock has a market cap of $8.71 billion, a P/E ratio of 35.17 and a beta of 1.01.

Yaskawa Electric (OTCMKTS:YASKY) last announced its earnings results on Friday, January 9th. The technology company reported $0.37 earnings per share (EPS) for the quarter. Yaskawa Electric had a net margin of 6.86% and a return on equity of 8.26%. The company had revenue of $892.43 million during the quarter. Equities analysts forecast that Yaskawa Electric Corp. will post 3.02 earnings per share for the current year.

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.