Yaskawa Electric (OTCMKTS:YASKY) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $70.89 and traded as low as $68.32. Yaskawa Electric shares last traded at $69.9050, with a volume of 4,805 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Yaskawa Electric Trading Down 2.5%

The company has a market cap of $8.84 billion, a price-to-earnings ratio of 40.09 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.25 and a quick ratio of 1.21. The business’s 50-day simple moving average is $75.07 and its 200-day simple moving average is $70.87.

Yaskawa Electric (OTCMKTS:YASKY) last released its quarterly earnings results on Friday, July 10th. The technology company reported $0.26 EPS for the quarter. Yaskawa Electric had a net margin of 6.11% and a return on equity of 7.00%. The business had revenue of $875.77 million for the quarter.

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.