Fujitsu (OTCMKTS:FJTSY) Stock Breaks Below Two Hundred Day Moving Average After Earnings Miss

Fujitsu Ltd. (OTCMKTS:FJTSY) shares crossed below its 200-day moving average during trading on Friday following a dissappointing earnings announcement. The stock has a 200-day moving average of $23.24 and traded as low as $22.52. Fujitsu shares last traded at $22.89, with a volume of 376,666 shares trading hands.

The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.07). The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.23 billion.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Fujitsu from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Fujitsu Trading Down 4.7%

The company’s fifty day simple moving average is $25.64 and its 200-day simple moving average is $23.24. The firm has a market capitalization of $40.20 billion, a PE ratio of 42.39, a P/E/G ratio of 1.11 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.83 and a quick ratio of 1.56.

Fujitsu Company Profile

Fujitsu Limited is a Japanese information and communications technology company that provides digital services, technology solutions and consulting to businesses, governments and other organizations. Its offerings include cloud computing, artificial intelligence, data and analytics, cybersecurity, application development, systems integration, managed services and digital transformation support.

The company also supplies computing and technology infrastructure, including servers, storage systems, networking products and related enterprise solutions.