Fanuc Co. (OTCMKTS:FANUY)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.80 and traded as high as $25.58. Fanuc shares last traded at $25.27, with a volume of 158,643 shares changing hands.
Several brokerages have recently issued reports on FANUY. Jefferies Financial Group downgraded Fanuc from a “buy” rating to a “hold” rating in a research report on Wednesday, January 20th. JPMorgan Chase & Co. upgraded Fanuc from an “underweight” rating to a “neutral” rating in a research note on Tuesday, December 22nd. Finally, Zacks Investment Research lowered Fanuc from a “buy” rating to a “hold” rating in a research note on Tuesday, March 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Fanuc currently has a consensus rating of “Hold” and a consensus price target of $28.00.
The company has a market capitalization of $50.80 billion, a price-to-earnings ratio of 86.76, a price-to-earnings-growth ratio of 2.31 and a beta of 1.25. The company has a 50 day simple moving average of $24.98 and a 200 day simple moving average of $23.83.
About Fanuc (OTCMKTS:FANUY)
Fanuc Corporation provides factory automation products in Japan, the United States, Europe, Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire-cut electric discharge machines, and ultra-precision machines.
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