Yaskawa Electric (OTCMKTS:YASKY) Shares Gap Down – Here’s What Happened

Yaskawa Electric Corp. (OTCMKTS:YASKY) shares gapped down prior to trading on Friday. The stock had previously closed at $49.02, but opened at $47.10. Yaskawa Electric shares last traded at $46.70, with a volume of 227,701 shares changing hands.

Analyst Upgrades and Downgrades

YASKY has been the subject of several analyst reports. The Goldman Sachs Group lowered Yaskawa Electric from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Zacks Research started coverage on Yaskawa Electric in a research report on Friday, October 30th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Yaskawa Electric Price Performance

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 stock’s 50-day moving average is $54.92 and its two-hundred day moving average is $66.09. The stock has a market cap of $6.13 billion, a PE ratio of 26.87 and a beta of 1.63.

Yaskawa Electric (OTCMKTS:YASKY) last released its quarterly earnings results on Friday, October 9th. The technology company reported $0.65 EPS for the quarter. Yaskawa Electric had a return on equity of 7.19% and a net margin of 6.32%. The business had revenue of $912.69 million during the quarter. On average, equities analysts predict that Yaskawa Electric Corp. will post 2.31 earnings per share 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.