Fujitsu (OTCMKTS:FJTSY) Shares Gap Up – Here’s What Happened

Fujitsu Ltd. (OTCMKTS:FJTSY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $21.07, but opened at $22.22. Fujitsu shares last traded at $22.1192, with a volume of 48,519 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut shares of Fujitsu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Fujitsu Price Performance

The company has a quick ratio of 1.62, a current ratio of 1.87 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average price is $21.31 and its 200 day moving average price is $24.41. The firm has a market capitalization of $39.04 billion, a price-to-earnings ratio of 49.40, a PEG ratio of 1.02 and a beta of 0.80.

About Fujitsu

Fujitsu Limited is a Tokyo-based multinational information and communication technology company that provides a broad range of technology products, solutions and services. Founded in 1935, the company has evolved from equipment manufacturing into a global IT services and systems integrator. Fujitsu’s offerings span consulting, application services, system integration, managed services, and business process outsourcing, targeting enterprise and public sector clients across multiple industries.

On the product side, Fujitsu develops and supplies computing hardware and infrastructure including servers, storage and networking equipment, as well as semiconductor and electronic components.