Zacks Investment Research downgraded shares of Fanuc (OTCMKTS:FANUY) from a hold rating to a sell rating in a research report released on Monday.
According to Zacks, “Fanuc Ltd. is a manufacturer of factory automation and robots. It is engaged in the development, manufacture, sale and maintenance of robots and factory automation products primarily in Japan, US, Europe and other Asian countries. The Company’s technology is applied in the automation of machine tools. Its products lineup includes: computer numerical control series; servo motors; carbon dioxide laser oscillators; industrial lasers; robots and robot machines; machine for milling and boring, precision molding machines, wire-cut electric discharge machine and nano control technology based machines that have their applications in optical electronics, medical, semiconductor and biotechnology fields. Fanuc Ltd. is headquartered in Yamanashi Prefecture, Japan. “
Shares of OTCMKTS FANUY opened at $21.37 on Monday. Fanuc has a 12 month low of $19.00 and a 12 month high of $30.42. The stock has a market cap of $41.70 billion, a PE ratio of 35.03 and a beta of 1.10.
Fanuc Corporation provides factory automation products worldwide. The company offers CNC series, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire-cut electric discharge machines, and super nano machines. Fanuc Corporation was founded in 1972 and is headquartered in Minamitsuru-gun, Japan.
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