Fanuc Co. (OTCMKTS:FANUY) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 88,500 shares, a growth of 251.2% from the December 15th total of 25,200 shares. Based on an average daily trading volume, of 639,300 shares, the days-to-cover ratio is presently 0.1 days.
FANUY has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised Fanuc from an “underweight” rating to a “neutral” rating in a research report on Tuesday, December 22nd. Zacks Investment Research lowered Fanuc from a “buy” rating to a “hold” rating in a research report on Tuesday, December 22nd. Finally, The Goldman Sachs Group raised Fanuc from a “sell” rating to a “neutral” rating in a research report on Friday, November 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Fanuc currently has a consensus rating of “Hold” and a consensus target price of $28.00.
Shares of Fanuc stock traded up $0.07 during trading hours on Wednesday, hitting $26.11. 212,885 shares of the company’s stock traded hands, compared to its average volume of 256,761. Fanuc has a 12-month low of $10.51 and a 12-month high of $26.31. The stock has a market capitalization of $50.61 billion, a price-to-earnings ratio of 90.04, a PEG ratio of 2.20 and a beta of 1.26. The company has a fifty day simple moving average of $24.97 and a 200-day simple moving average of $20.80.
Fanuc (OTCMKTS:FANUY) last announced its earnings results on Thursday, October 29th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. Fanuc had a return on equity of 4.52% and a net margin of 12.84%. Sell-side analysts anticipate that Fanuc will post 0.4 earnings per share for the current fiscal year.
Fanuc Company Profile
Fanuc Corporation provides factory automation products in Japan, the United States, Europe, Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire-cut electric discharge machines, and ultra-precision machines.
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