Fanuc Co. (OTCMKTS:FANUF – Get Free Report)’s stock price rose 13% during mid-day trading on Friday . The stock traded as high as C$53.25 and last traded at C$53.02. Approximately 5,258 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 3,641 shares. The stock had previously closed at C$46.93.
Analysts Set New Price Targets
Separately, HSBC downgraded Fanuc to a “hold” rating in a report on Friday, January 30th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Fanuc presently has a consensus rating of “Hold”.
Get Our Latest Stock Report on FANUF
Fanuc Trading Up 13.0%
About Fanuc
FANUC Corporation is a Japan-based industrial automation company specializing in the design, development and manufacture of factory automation equipment. The company’s core offerings include computer numerical control (CNC) systems, industrial robots, and wire‐cut electrical discharge machines, all of which are used to enhance productivity and precision in manufacturing environments.
FANUC’s product portfolio encompasses articulated robots for assembly and material handling, collaborative robots for safe human–machine interaction, and high-precision CNC controls for milling and turning operations.
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