Fuji Electric (OTCMKTS:FELTY) Shares Gap Up – Time to Buy?

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) gapped up before the market opened on Thursday . The stock had previously closed at $18.46, but opened at $19.60. Fuji Electric shares last traded at $19.17, with a volume of 471 shares changing hands.

Analysts Set New Price Targets

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

Fuji Electric Trading Up 2.0%

The firm’s fifty day simple moving average is $18.46 and its two-hundred day simple moving average is $18.16.

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.