Yaskawa Electric (OTCMKTS:YASKY) Shares Down 8.7% – Here’s Why

Yaskawa Electric Corp. (OTCMKTS:YASKY)’s stock price traded down 8.7% during trading on Wednesday . The company traded as low as $87.2850 and last traded at $87.2850. 219 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 11,287 shares. The stock had previously closed at $95.58.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup upgraded Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Yaskawa Electric Trading Up 1.2%

The company has a quick ratio of 1.36, a current ratio of 2.47 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $11.46 billion, a PE ratio of 48.81 and a beta of 1.44. The stock’s fifty day moving average price is $80.00 and its two-hundred day moving average price is $68.28.

Yaskawa Electric (OTCMKTS:YASKY) last announced its quarterly earnings results on Friday, April 10th. The technology company reported $0.48 earnings per share (EPS) for the quarter. Yaskawa Electric had a return on equity of 7.51% and a net margin of 6.50%.The company had revenue of $941.89 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.