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Fanuc (OTCMKTS:FANUY) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a report released on Tuesday, Zacks.com reports.

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. "

FANUY has been the subject of several other research reports. HSBC cut shares of Fanuc from a "buy" rating to a "hold" rating in a research report on Thursday, October 28th. Daiwa Capital Markets raised shares of Fanuc from a "neutral" rating to an "outperform" rating in a research report on Tuesday, November 30th.

FANUY stock traded up $0.16 during mid-day trading on Tuesday, hitting $21.41. The company had a trading volume of 204,210 shares, compared to its average volume of 263,249. The company has a market capitalization of $43.23 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 1.29 and a beta of 1.00. Fanuc has a 12-month low of $19.42 and a 12-month high of $28.50. The company has a 50-day moving average price of $20.62 and a 200 day moving average price of $22.10.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings results on Wednesday, October 27th. The industrial products company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.65 billion. Fanuc had a return on equity of 10.09% and a net margin of 21.47%. On average, research analysts forecast that Fanuc will post 0.65 earnings per share for the current fiscal year.

FANUC Corp. engages in the development, manufacture, sale, and maintenance of computer numerical control (CNC) systems, lasers, robot systems, robomachines, roboshot, robocut and nano robots. It operates through the following divisions: Factory Automation (FA), Robot, and Robomachine. The FA division manufactures CNC systems, CNC servo motors, and lasers.

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