Fuji Electric (OTCMKTS:FELTY) Shares Gap Up – Here’s What Happened

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) shares gapped up before the market opened on Friday . The stock had previously closed at $19.18, but opened at $20.27. Fuji Electric shares last traded at $20.2120, with a volume of 1,261 shares trading hands.

Analyst Ratings Changes

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

Fuji Electric Stock Performance

The stock has a fifty day moving average price of $18.67 and a 200 day moving average price of $17.49.

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.