Posted by admin on May 25th, 2022
Fanuc Co. (OTCMKTS:FANUY – Get Rating) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 17,800 shares, a decline of 93.5% from the April 30th total of 271,800 shares. Based on an average daily volume of 1,734,400 shares, the days-to-cover ratio is currently 0.0 days.
Shares of FANUY stock traded up $0.12 on Wednesday, hitting $16.47. The company’s stock had a trading volume of 308,378 shares, compared to its average volume of 496,457. The stock’s 50 day moving average is $16.42 and its 200-day moving average is $18.65. Fanuc has a fifty-two week low of $14.25 and a fifty-two week high of $25.51. The company has a market capitalization of $33.26 billion, a PE ratio of 23.02 and a beta of 1.04.
A number of analysts have recently commented on FANUY shares. Bank of America lowered shares of Fanuc from a “buy” rating to a “neutral” rating in a research report on Thursday, February 17th. JPMorgan Chase & Co. lowered shares of Fanuc from a “neutral” rating to an “underweight” rating in a research report on Monday, March 7th. Finally, Zacks Investment Research raised shares of Fanuc from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.00.
Fanuc Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.
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