Fanuc (FANUY) Downgraded to Hold at Zacks Investment Research

Fanuc (OTCMKTS:FANUY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday, January 18th.

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. “

Fanuc (FANUY) traded up $0.04 during trading on Thursday, hitting $25.05. The company had a trading volume of 526,616 shares, compared to its average volume of 557,462. The firm has a market capitalization of $51,040.00, a P/E ratio of 61.10, a price-to-earnings-growth ratio of 2.15 and a beta of 1.06. Fanuc has a 12-month low of $19.00 and a 12-month high of $30.42.

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Fanuc Company Profile

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 1972 and is headquartered in Yamanashi, Japan.

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