Fuji Electric (OTCMKTS:FELTY) Shares Gap Up – Here’s Why

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $16.44, but opened at $17.39. Fuji Electric shares last traded at $17.39, with a volume of 412 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered Fuji Electric to a “sell” rating in a research note on Monday, January 19th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Fuji Electric has a consensus rating of “Reduce”.

Fuji Electric Stock Down 0.9%

The company has a fifty day moving average of $18.35 and a 200-day moving average of $18.04.

Fuji Electric Company Profile

Fuji Electric Co, Ltd. (OTCMKTS: FELTY) is a Japanese engineering company specializing in the design, manufacture and sale of power electronics, industrial automation systems and energy infrastructure equipment. Established in 1923 as a joint undertaking between Furukawa Electric and General Electric, the company has evolved to become a global supplier of power semiconductors, inverters, switchgear, motors and generators. Its product lineup spans a range of applications, from high-voltage transmission and distribution systems to factory automation and renewable energy solutions.

The company operates through several business segments, including Energy & Environment, Industrial Infrastructure, Power Electronics and Electronic Devices.