Yaskawa Electric Corp. (YASKY) Upgraded by Zacks Investment Research to “Strong-Buy”

Yaskawa Electric Corp. (OTCMKTS:YASKY) was upgraded by Zacks Investment Research from a “sell” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday. The brokerage presently has a $77.00 price target on the technology company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.50% from the company’s current price.

According to Zacks, “YASKAWA Electric Corporation is involved in manufacturing, sales, installation, maintenance and engineering of electrical equipment. The company operates through Motion Control, Robotics, System Engineering, Information Technologies and Other parts of business. Its products include spindle controllers, computerized numerical control systems, and system engineering. YASKAWA Electric Corporation is headquartered in Kitakyushu, Japan. “

Shares of Yaskawa Electric Corp. (OTCMKTS:YASKY) opened at 69.06 on Friday. The stock has a 50 day moving average of $65.16 and a 200 day moving average of $51.06. The firm has a market cap of $9.20 billion, a P/E ratio of 37.21 and a beta of 0.99. Yaskawa Electric Corp. has a 52 week low of $30.43 and a 52 week high of $73.20.

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Yaskawa Electric Corp. Company Profile

YASKAWA Electric Corporation engages in the motion control, robotics, system engineering, and other businesses in the Americas, Europe, the Asia Pacific, and Africa. It manufactures and sells various AC drives, including general purpose AC drives, medium-voltage AC drives, system-use AC drives, and power regenerative units for use in cranes, fans, pumps, machine tools, conveyers, automated ware houses, and metal working machinery; system controllers for iron and steel systems, water and wastewater treatment, and paper-making/film/port cargo handling/fiber/printing; and rotary servo motors, direct drive servo motors, linear servo motors, linear sliders, machine controllers, motion adapters, and machine vision systems that are used in chip mounters, robots, and metal working machinery.

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