Fuji Electric (OTCMKTS:FELTY) Shares Gap Up – Still a Buy?

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) gapped up prior to trading on Thursday . The stock had previously closed at $18.09, but opened at $19.06. Fuji Electric shares last traded at $18.93, with a volume of 5,461 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Fuji Electric to a “sell” rating in a report on Monday, January 19th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Fuji Electric has a consensus rating of “Reduce”.

Fuji Electric Stock Up 1.2%

The business has a fifty day moving average of $18.47 and a 200 day moving average of $18.12.

About Fuji Electric

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.