Fujitsu (OTCMKTS:FJTSY) Shares Gap Down – Time to Sell?

Fujitsu Ltd. (OTCMKTS:FJTSY) gapped down before the market opened on Thursday . The stock had previously closed at $20.29, but opened at $19.17. Fujitsu shares last traded at $19.9750, with a volume of 1,639,519 shares.

Analysts Set New Price Targets

Several research analysts have commented on FJTSY shares. UBS Group raised Fujitsu to a “hold” rating in a research note on Monday, January 26th. Jefferies Financial Group downgraded Fujitsu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Fujitsu Price Performance

The company has a 50 day moving average price of $21.89 and a 200-day moving average price of $24.95. 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 company has a market cap of $34.09 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 0.88 and a beta of 0.80.

Fujitsu Company Profile

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.