Yaskawa Electric Corp. (OTCMKTS:YASKY – Get Free Report) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 4,596 shares, an increase of 362.4% from the October 15th total of 994 shares. Based on an average trading volume of 80,567 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on YASKY. The Goldman Sachs Group cut shares of Yaskawa Electric from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Zacks Research initiated coverage on shares of Yaskawa Electric in a research note on Friday, October 30th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Yaskawa Electric
Yaskawa Electric Trading Up 4.3%
Yaskawa Electric stock traded up $2.04 during mid-day trading on Wednesday, hitting $49.23. The company’s stock had a trading volume of 30,020 shares, compared to its average volume of 16,269. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 2.42. The company has a 50 day moving average of $55.48 and a 200-day moving average of $66.34. Yaskawa Electric has a one year low of $44.19 and a one year high of $96.17. The stock has a market cap of $6.38 billion, a PE ratio of 27.97 and a beta of 1.63.
Yaskawa Electric (OTCMKTS:YASKY – Get Free Report) last posted its quarterly earnings results on Friday, October 9th. The technology company reported $0.65 EPS for the quarter. The firm had revenue of $912.69 million for the quarter. Yaskawa Electric had a net margin of 6.32% and a return on equity of 7.19%. On average, research analysts anticipate that Yaskawa Electric will post 2.31 EPS for the current year.
About Yaskawa Electric
Yaskawa Electric Corporation is a Japanese manufacturer of industrial automation and control equipment. Founded in 1915 and headquartered in Kitakyushu, Japan, the company serves customers in manufacturing and other industries around the world. Its products include AC drives, servo motors and controllers, and industrial robots. Yaskawa also provides automation systems and related technologies designed to help businesses control machinery, improve production processes, and automate tasks such as material handling, welding, and assembly.
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