Zacks Investment Research Lowers Fanuc Corp. (OTCMKTS:FANUY) to Hold

Fanuc Corp. (OTCMKTS:FANUY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, September 8th.

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. “

Separately, Macquarie reaffirmed a “neutral” rating on shares of Fanuc Corp. in a report on Monday, July 31st.

Shares of Fanuc Corp. (OTCMKTS:FANUY) traded up 0.44% during trading on Friday, hitting $20.45. The company had a trading volume of 139,432 shares. Fanuc Corp. has a 52 week low of $16.52 and a 52 week high of $21.74.

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Lowers Fanuc Corp. (OTCMKTS:FANUY) to Hold” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The origi

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. “

Separately, Macquarie reaffirmed a “neutral” rating on shares of Fanuc Corp. in a report on Monday, July 31st.

Shares of Fanuc Corp. (OTCMKTS:FANUY) traded up 0.44% during trading on Friday, hitting $20.45. The company had a trading volume of 139,432 shares. Fanuc Corp. has a 52 week low of $16.52 and a 52 week high of $21.74.

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Lowers Fanuc Corp. (OTCMKTS:FANUY) to Hold” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://ledgergazette.com/2017/09/23/fanuc-corp-fanuy-downgraded-by-zacks-investment-research-to-hold.html.

Fanuc Corp. Company Profile

Get a free copy of the Zacks research report on Fanuc Corp. (FANUY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Fanuc Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fanuc Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply