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

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) shares gapped up prior to trading on Monday . The stock had previously closed at $17.02, but opened at $18.0075. Fuji Electric shares last traded at $17.8350, with a volume of 833 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Fuji Electric from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Fuji Electric Stock Performance

The company has a fifty day moving average of $17.15 and a two-hundred day moving average of $14.29.

Fuji Electric Company Profile

Fuji Electric Co, Ltd., together with its subsidiaries, develops power semiconductors and electronics solutions in Japan and internationally. It operates through Power Electronics Energy, Power Electronics Industry, Semiconductor, Power Generation, Food and Beverages Distribution, Others segments. The company also offers drivers and inverters including AC drivers, motors, and servo systems; semiconductors and photoconductors; power supply products, which includes uninterruptible power systems, solar inverters, data centers, rectifiers, and formers; sensors and measurements, such as instrumentation and radiation monitoring systems; and factory automation systems.