Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Down – Time to Sell?

Yaskawa Electric Corp. (OTCMKTS:YASKY) gapped down prior to trading on Thursday . The stock had previously closed at $63.86, but opened at $60.31. Yaskawa Electric shares last traded at $63.84, with a volume of 274 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. The Goldman Sachs Group upgraded shares of Yaskawa Electric from a “hold” rating to a “buy” rating in a research report on Monday, October 13th. UBS Group raised Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Nomura Securities raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Zacks Research raised shares of Yaskawa Electric from a “strong sell” rating to a “hold” rating in a report on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Yaskawa Electric to a “buy” rating in a research report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Yaskawa Electric Stock Down 1.6%

The company’s 50-day simple moving average is $56.71 and its two-hundred day simple moving average is $48.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.26 and a quick ratio of 1.22. The firm has a market capitalization of $8.15 billion, a P/E ratio of 21.02 and a beta of 1.01.

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.