Zacks Investment Research cut shares of Fanuc (OTCMKTS:FANUY) from a buy rating to a hold rating in a research note published on Monday morning.
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) opened at $27.07 on Monday. The firm has a market capitalization of $54,240.00, a PE ratio of 65.31, a PEG ratio of 2.96 and a beta of 0.81. Fanuc has a one year low of $17.05 and a one year high of $27.12.
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