Amada (OTCMKTS:AMDLY) Trading 20.1% Higher – Here’s Why

Amada Co., Ltd. (OTCMKTS:AMDLY)’s share price shot up 20.1% during mid-day trading on Friday . The company traded as high as $42.87 and last traded at $42.87. 102 shares changed hands during trading, a decline of 13% from the average session volume of 117 shares. The stock had previously closed at $35.71.

Amada Trading Up 20.1 %

The firm’s 50-day moving average price is $37.26 and its 200 day moving average price is $38.58. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 16.24 and a beta of 0.10.

Amada (OTCMKTS:AMDLY) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.43 EPS for the quarter. The business had revenue of $592.81 million during the quarter. Amada had a net margin of 8.41% and a return on equity of 6.16%.

About Amada

Amada Co, Ltd., together with its subsidiaries, manufactures, sells, leases, repairs, maintains, checks, and inspects metalworking machinery, software, and peripheral equipment in Japan, North America, Europe, Asia, and internationally. It offers sheet metal fabrication machines, including laser machines, punch and laser combination machines, turret punch presses, press brakes, bending robots, and welders, as well as software solutions; general fabrication machines, such as shearing and deburring machines, corner shear, iron worker, AMS SPACE series, horizontal benders, tapping and fastener insertion machines, and environment related products; cutting fluids, lubricants, and other consumables; and a range of tools for bending and punching.